Big jump in home sales reason for optimism, expert says
The number of purchase contracts signed by New Jersey homebuyers in July increased 24 percent from last year, according to a recent report by Otteau Valuation Group Inc.
The increase continues a positive and growing trend for the state’s housing market, the East Brunswick appraisal and consulting firm found. July marked the 10th consecutive month that pending sales have grown, and year-to-date purchase activity through the month was up 23 percent from the same period in 2011. (Burd, NJBIZ)
