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Bozeman MT Real Estate | Real Estate in Bozeman Montana | Jenifer Owens

Bozeman MT Real Estate find up to date information on the local real estate market, listings, and events. Get tips of ways to decrease the amount of time your home is on the market.

U.S. pending home sales surge, fueling recovery hope

The highlights of below:  (1) Largest monthly gain for housing sales in 7.5 years, (2) 3rd straight month of gains in sales, and (3) Pending Sales Index is now above the level from one year ago.  Note also that for your clients the issues relating to the US Dollar.  In my opinion, the level of debt issued by the US Government and signs of stability will cause the dollar to slide further.  This exchange rate slide will push Treasury debt prices down (causing rates to increase).  Of course 30 year mortgages are tied to 10-year Treasury bonds so you will see some upward pressure on interest rates over the next 6 months.

http://www.reuters.com/article/businessNews/idUSN2754905920090602

Published Tuesday, June 02, 2009 8:50 AM by Jenifer Owens

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