Weekly Newsletter

California is performing well as it heads into the spring homebuying season, at least in terms of homes under offer. According to the latest California Association of Realtors report, pending home sales in the state soared in February to record the first doubled-digit annual gain in nearly three-year and the third straight year-to-year increase. This should hopefully translate into improved market conditions and more closed transactions in the coming months. As a whole, California pending home sales increased in February, with the Pending Home Sales Index growing 24.8% from a revised 89.9 in January to 112.2, based on signed contracts. Finish reading article here.