Pending Home Sales Up for 5th Straight Month: WASHINGTON (Reuters) - Pending sales of previously owned homes rose at a faster-than-expected pace in June, a real estate trade group said August 4, more evidence the housing market was starting to claw out of a three-year slump. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, rose 3.6% to 94.6. It was the fifth straight month of advance and the first such streak in six years, the industry group said.
Quote of the Week-"Character is the ability to follow through on a resolution long after the emotion with which it was made has passed.--Brian Tracy
Recently, the Today Show interviewed a real estate expert, Barbara Corcoran, who talked about her top 5 picks for the best cities to buy real estate in RIGHT NOW! She looks for 8 characteristics in each city and they are-
· Good job growth potential
· Growing population
· Good weather
· Lots of first time home buyers who can afford to buy
· No overbuilding of homes
· Vital downtowns
· Well educated population
· Large number of foreclosures early on
Boy, this sounds like Denver to me! Here are 3 great quotes from her-
· "Denver is clearly on a rebound."
· Denver is "the perfect real estate success story."
· "Everything in Denver is pointing up, up, up."
She went into greater detail of why she likes Denver so much with these comments-
· She went on to note that DENVER has a vibrant downtown
· A high employment base
· Highly educated residents
· The nation's largest public park system
· We led the nation in foreclosures early on and our foreclosure rate is now dropping.
· The Today Show host remarked as well about our great weather.
To see the video for yourself, click below
http://www.gawkk.com/housing-markets-most-likely-to-rebound-fail/discuss
Barbara Corcoran is the founder of the Corcoran Group, New York´s premiere real estate brokerage, and she is known as one of the most powerful brokers in the country.
