Economists, realtors, and Wall Street investors have been quick to surmise that 2012 will be the year the housing market bottoms. As the “high season” for housing sales nears, the question now focuses on what sellers and buyers can expect in housing during the coming months.
Despite a slight dip from January to February, February home sales remain well above 2011 figures. The National Association of Realtors’ Pending Home Sales Index, which reflects signed contracts that have yet to close, was over nine percent higher than February of 2011, while existing-homes sales were almost nine percent higher than last year.
Read more online at Forbes.com.