Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 2.1 percent to 82.1 from a reading of 80.4 in January, but is 1.4 percent below February 2008 when it was 83.3.

Lawrence Yun, NAR chief economist, said the market is continuing to underperform. “Pending home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity are hopeful indicators that we’ll see additional sales gains,” he said. “More buyers are getting into the market to take advantage of stimulus incentives and much improved housing affordability conditions, but it will take a few months before we could see this turn up in measurable sales contract activity.” Read more…  

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Article courtesy of National Association of Realtors (NAR).

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With the many public parks of the North Portland Area, Cathedral Park may be one of the best.  With the St. Johns Bridge as your backdrop no other park offers such a scenic setting.  This park features; Picnic tables, fishing pier, sandy shores, jogging trials, a boat luanch (NoPo’s one and only), ample grass, dog friendly areas and the Cathdral Park Bandstand.

The Cathedral Park Neighborhood Associating is holding its Annual Earth Day Litter Pick-Up at Cathedral Park on Saturday, April 18th. Everyone is welcome to attend, as to help keep the park beautiful and prevent wildlife from being harmed by litter.

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