Broward pending sales rise 14 percent

The total number of single-family and condominium listings that pended in Broward County last month rose 14 percent compared to the same period in 2011, according to a report from the Miami Association of Realtors. Total cumulative pending home sales were up 13 percent, with a total of 9,618 pended transactions. “Despite unnecessarily tight credit restrictions, we continue to see historically strong home sales activity in Broward County,” said Ernesto Vega, president-elect of the Broward Council of the Miami Association of Realtors. “Loosening these tight underwriting standards would allow qualified buyers to finance homes and would generate further sales in Broward and South Florida.” — Alexander Britell