Miranda Tsotsoria
Sales Associate
According to the National Association of Realtors (NAR), the Pending Home Sales Index increased 7.4 percent in August to its highest level since June 2007. In the Northeast, the index rose 8.4 percent. Lawrence Yun, NAR chief economist, said homebuyers were responding to improved affordability and low interest rates. In general this is very good news for Chester, Mendham, Long Valley, and Hackettstown real estate sellers and buyers, because despite of wall street crisis things in real estate market are apparently still moving and even improving a bit.
