Corona Del Mar and Newport Coast Real Estate

This is interesting... it's nice to have a record, any record, in this economic and Real Estate environment.  Stability and increase will start in the lower priced home market, then march it's way up to middle priced and higher priced Real Estate. It certainly looks like the lower priced market is going full steam ahead... and I still see activity higher in Corona Del Mar than earlier in the year... sales are still lacking in Newport Coast. It is still looking like a great time to buy...

Washington, November 02, 2009

Pending home sales rose again, marking eight consecutive monthly gains - the longest streak since measurement began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.