Here's more number-crunching to help allay the fear surrounding the housing market. According to Jonathan Miller of RealEstate Business Intelligence (and frequent Curbed contributor) things are looking up. Specifically, the DMV's pending home sales have seen the largest increase in a decade. Sure, the overall number of signed contracts is still below the average (by 13.7%), but the market is showing signs of a sturdy comeback. Look at that cute little tail in the graph above—it is pointing up! And since we are heading into the season of selling the next few months will likely see more improvements as home buyers start pounding the pavement in search of their next place.
· DC Metro Sees Largest Pending Home Sales In Over A Decade [RBI]
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