What You Should Know About Pending Home Sales This Month

Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.

The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012.

Your Home List Price, Should You Lower It?

Are you trying to sell your home and finding that it is not selling very well? This might be due to a number of reasons that you can’t control, such as its location or the fact that the home layout is somewhat unusual. If you are struggling to sell your home, there is one factor that you can alter that might change things – the price.

Many homeowners are reluctant to lower the price of their home, because it feels somewhat like a defeat. However, while you want to make as much money from your house sale as possible – it is better to sell your home at a slightly cheaper price than to let it sit on the market for a long time.