June 8, 2009 Mara Bushari

Pending home sales in April showed a 6.7 percent jump from March numbers, and a 3.2 percent increase from April 2008 transactions according to The Pending Home Sales Index, a forward-looking indicator of the real estate market based on contracts signed.

Geographical breakdown:

Northeast: The idex jumped 32.6 percent month over month and .8 percent year over year.

Midwest: The index rose 9.8 percent in April over March, which is 11.1 percnet above April 2008

South: The index dropped .2 percent in April but rose 3.5 percent year over year.

West: The index rose 1.8 percent in April but dropped 2.9 percent below April 2008 numbers.

We are seeing, however, that the the relationship between contracts on pending home sales and closings on existing-home sales is taking longer than the past. Not only is the mortgage process more complicated and time consuming, short-sales, which can take months to close, have flooded the market in many areas of the country.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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