Columbia SC Housing Market According to NAHB and NAR

The Columbia SC housing market continues to show positive signs of improvement, along with other markets throughout the U.S. This, as reported by National Association of Home Builder’s chief economist, David Crowe, in the NAHB March Market Index report…

Columbia SC Housing Market According to NAR

According to the National Association of Realtors (NAR), nationwide, not just in the Columbia SC housing market, pending home sales fell slightly in February, but still remained well above levels set in the first half of 2011.

The NAR report indicates the spring home-buying season looks bright because of an elevated level of contract offers so far this year. The NAR Pending Home Sales index is a forward-looking indicator of housing activity based on contract signings, and is not just indicative of the Columbia SC housing market, but all markets across the country.

The index hit a level of 96.5 in February, down 0.5% from a score of 97 in January. Still, it remains 9.2% above the February 2011 index score of 88.4.

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