Fannie Mae Reports: 64% Feel Housing Is A Safe Investment | NAR Pending Home Sales Data

Daily Real Estate News update from CNBC.

Talking points:

* NAR revised the ‘pending home sales’ data DOWN..2.8% for Jan and 1.5% year over year. This is an important statistic to follow because its a clear indication what direction the market is headed. Few pendings = fewer closings = more price drops = more underwater owners = more distressed sellers who will need to see via a short sale to avoid a foreclosure. Watch the FREE Agent Short Sale Secrets video and download the FREE Short Sale training guide now.

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* Fannie Mae reports results from a recent survey: 64% report that they feel housing is a ‘safe investment’….that is actually a slight improvement over this time last year.

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