National Association of Realtors has released their latest home sales information and things are looking up.

According to the “Pending Home Sales Index”, homes under contract are up 7.3%, the second straight month with an increase.

This is the first time since the Homebuyer Tax Credit that the Pending Home Sales Index has gone above 100, a great sign for the market. The best part of these figures is the growth is occurring organically through great affordability and job creation.

So what are the sales trends showing? Lower priced homes are moving quickly while the upper end market is still sluggish. New home sales and new construction starts are both up, a great sign for the months ahead.

Through the broader economy, we are seeing increased job growth from 100,000 per month and may even increase to 150,000 jobs created per month, which will continue to grow the real estate market.

For the full interview with Lawrence Yun, National Association of Realtors Chief Economist, view it below: