Pending home sales stopped their five-month fall, this according to the National Association of Realtors. In November, pending home sales, those with contracts but yet to close, inched up 0.2 percent compared to the previous month. This downward trend may not be over, a one month blip is just pending home sales on the risethat—at blip.

Especially when comparing November of this year compared to November 2012, where signed contracts are 1.6 percent lower. Still, home sales will end with the best year since 2006, the year when the housing bubble was near its zenith. What will the immediate future bring?

Mortgage rates are still on a slight increase but nowhere near where many thought we would be after the Fed’s announcement December 18 of an end to the $85 billion monthly stimulus package of bond buying. 30 year mortgage rates are still floating around 4.50 percent, close to the highs hit last June but still well below 5.00.

However, the economy is showing signs of consistent, albeit tepid growth. The unemployment rate has gradually fallen to 7.00 percent and non-farm payroll job numbers are still rolling along. At some point, new job creation and other positive economic factors might extend the trend of an increase in pending home sales. Many investors’ eyes are on the next unemployment report to be released later in January on the 10th due to the holidays.

The consensus forecast for new jobs is around 190,000 and anything significantly above that could indicate a strong buying season in early spring. The Fed should help keep rates in check and it’s not universally agreed upon that the end of the tapering will result if rates above 5.00 percent anytime soon. That’s because the reduction from $85 billion to $75 billion in Fed stimulus hardly seems like a pullback at all and something that the markets can absorb more easily.