Corona Del Mar and Newport Coast Real Estate

 Here are the Existing Home Sales numbers for Feb. 2010. Sales of Existing Homes rose... leading some industry experts to forcast a moderate Real Estate market for the Spring and Summer Months.

WASHINGTON - The number of buyers who agreed to purchase previously occupied homes rose sharply in February, far exceeding expectations, in a sign that the housing market may be coming back from the winter doldrums.

The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2.

The report "may signal the early stages of a second surge of home sales this spring," said Lawrence Yun, the trade group's chief economist.

For Real Estate in Corona Del Mar and Newport Coast... I see an increase as activity. Prices are remaining low, an increase in "Pending" Properties and those taking "Back Up" offers, along with a shoprter "Days on Market" number, helps to paint a picture in which Buyers are starting to show up...