Pending Feels So Good!

Pending feels so good – because we are one step closer to our client’s goal. Once an offer is accepted the real work begins – and The Caton Team is here for all of it.  How can The Caton Team help you?

The Caton Team’s loves helping sellers prepare their home for sale as much as we love finding the right home for each client.  We’ve been blessed making dreams come true by taking advantage of this active market and amazing low interest rates. If you’ve been considering a sale or purchase of Real Estate – especially in the Bay Area, now is a great time to get discover the possibilities – all while taking the necessary COVID precautions. 

Real Estate means homes and home is where the heart is. We’ll get through this together.  We work remotely, can draft and sign contracts online; with virtual tools The Caton Team can make any of your Real Estate goals happen whether you’re selling or buying – today or tomorrow.

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The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. We’re here when you need us – The Caton Team.

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Pending Home Sales Surge Nationwide

Pending Home Sales Surge Nationwide

Posted by RE-Insider on 7/14/14 • Categorized as Industry News

While much of this year has proven to be a bust for those of us in the RE industry, recent waves of good news have been emerging. Lately we’ve seen mortgage rates going down, inventory going up and new jobs being created – all signs that an improving market is on its way – and now it would seem that our hopes have come to fruition, as a new study has found that pending home sales have jumped the most since 2010.

According to a study performed by the National Association of Realtors, pending home sales surged more than expected in May, the latest sign a sluggish housing recovery is picking up steam.

Nationwide, signed contracts for previously owned homes jumped 6.1% from April, beating the median forecast of a 1.5% rise and the largest bump we’ve seen in four years!

Additionally, buyers closed deals on 4.9% more previously owned homes in May than April and new home sales jumped 18.6% in May.

“An improvement in sales is likely to continue for at least a few more months, a welcomed reprieve after a significantly slow start to the year,” Sterne Agee chief economist Lindsey Piegza said in a statement. Further gains, Piegza said, will rely on “sustained improvement in income and job creation.

Still, the market isn’t humming like last year. Higher prices and fewer foreclosures have investors and families less likely to strike a deal. Pending sales in May were 5.2% below 2013 levels.

Regardless, this is a change which we can all rejoice.

Have noticed the increase of pending sales in your markets? What are your thoughts?

You can read the full story here:

 

I read this article at:  http://re-insider.com/2014/07/14/pending-home-sales-surge-nationwide/

 

 

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