Some recent positive signs for homebuyers and sellers:

• As of January, existing-home sales were higher than a year ago for the fourth straight month, according to the National Association of Realtors (NAR).

• According to NAR, a rise in buyer demand pushed pending home sales up in January to the highest level since August 2013.

• A new Reuters poll of economists predicts that home sales will pick up in the second quarter and then maintain a brisk pace for the rest of the year.

• Thirty-eight of the 50 states, plus the District of Columbia, are now showing an improving three-month trend in housing activity, according to Freddie Mac’s latest Multi-Indicator Market Index.

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Jennifer Blanchard

Jennifer Blanchard is a Top Producing real estate agent in Basking Ridge with over 20 years of experience. She would love the opportunity to discuss any real estate questions you have.

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