Archive for the ‘National Association Of Realtors’ tag
Metropolitan Home Prices Decline Nearly 8% in Q2, Sales at 10-year Low
Prices of homes in the United States fell by an
average of 7.6% in the second quarter of 2008, compared to the previous
year, as 115 of the 150 metro areas surveyed saw declines, according to a
new release from the National Association of Realtors.
Canadians Top List of Foreign Buyers of U.S. Property, NAR Says
Canadians are flocking to snatch up property in the
U.S. as a result of affordable house prices and attractive exchange
rates, the National Association of Realtors says.
Since May 2007, NAR estimates that between 150,000 and 190,000 homes
in the U.S. were bought by foreign nationals.
Foreclosed Home Sales Likely Driving Up U.S. Pending Home Sales
Economists say the second unexpected rebound in three months in the
U.S. pending home sales index is likely due to sales of
foreclosed homes. The June report from the National Association
of Realtors (NAR) defied expectations for a 1.0% decline and rebounded
5.3% in June, following the 4.9% loss of sales in May.
The bounce is better than the most optimistic forecasts
beforehand…