Carolinas Market Update
Increased buyer activity, lower inventory and pending home sales are indicators of a strong second quarter for the real estate market, according to Pat Riley, president of the Allen Tate Company.
Riley discusses real estate trends in the March-April edition of Carolinas Market Update ( www.youtube.com/theallentatecompany). Positive gains are mostly being seen in counties experiencing job growth, Riley said.
“The pending home index in January 2012 was 96.7 and in January 2013, was 101.3, the highest level since 110.9 in April 2010, when the Federal Government’s first-time homebuyer credit was near expiration,” said Riley recently in a statement.