Dear Clients and Friends,

I want you to be the first to know about my most recent sale in Mount Washington.

Congratulations to Mike and thank you for choosing me as your Realtor for both your home sale and your home purchase.

Thank you also to Sara for referring Mike to me- Referrals are the BEST compliment anyone could give me!

If you are in the market to buy and/or sell give me a call, I would be happy to help.

Pending Home Sales Activity Surge!

WASHINGTON, October 08, 2008

Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.

The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.

Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. “What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, D.C., region,” he said. "It’s unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we’re hopeful most of the increase will translate into closed existing-home sales.”