Pending Home Sales in April Missed Expectations!!!

Warmer weather did NOT cause a meaningful surge in home sales, according to the National Association of Realtors (NAR).

Pending Home Sales, or signed contracts to buy existing homes increased just 0.4 percent in April, missing the market expectations of a 2 percent gain.

In addition, the sales are now 9.2 percent LOWER than April of 2013.

After the long very cold winter, April should have seen the benefit of pent-up demand. However it was not as good as expected. Signed contracts in April are a forward-looking indicator for closed sales in May and June. Therefore, quite a few economists worry about the near-term housing trend.

In this situation, it is still hard to sell your house quickly.

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However, there is always a way to have your house sold fast. As local Cash Homebuyer, We Buy Houses "As Is" All Cash and Close within 10 Days.

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Existing Home Sales in April came in Below Market's Expectations

Existing home sales were seasonally adjusted rate of 4.65 million, the National Association of Realtors said Thursday. It is a little below the market consensus of 4.66 million.

And the pace is almost 7% below April 2013.

"Current price data suggests a trend of slower growth," said Lawrence Yun, chief economists of the National Association of Realtors.

In this market, it is still NOT easy to sell your house quickly.

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However, There is always a way to have your house sold fast for CASH. As a local Brooklyn Cash Home Buyer, We Buy Houses "As Is" and Close Very Quickly. In many instances, within 7-10 days.

For more info, please visit our main website: Sell-My-House-Brooklyn-NY.com