Pending Sales Up 26% from November 2010

“As we approach the holiday season, sales typically drop,” said Peter Parnegg, President of the Greater Albuquerque Association of REALTORS®, “but the market is feeling a bit more stable than this time last year.”  “The disparity between pending sales and closed sales is reflective of the over-reaching regulatory environment in the mortgage industry, making for unnecessary delays and failed transactions,” said Parnegg.

Advertisement