Positive News On Real Estate » home buyers http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 “Mini Real Estate Boom” http://www.positiveonrealestate.com/pr/495 http://www.positiveonrealestate.com/pr/495#comments Sun, 25 Oct 2009 18:09:55 +0000 admin http://www.positiveonrealestate.com/?p=495 Great news coming out on the real estate market.

The latest figures from the National Association of Realtors show that existing home sales were strong in September, which means that conditions have improved for five of the past six months. Last month, sales were up 9.4 percent from the level recorded in August, and also 9.2 percent higher than the figures recorded in September 2008.

“We’re getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth and to fully remove consumer fears, which would then revive the broader economy,” said NAR chief economist Lawrence Yun.

Home buyers returning to the real estate market

U.S. home sales rise 9.4 percent in September

Sales jumped 9.4 percent to a seasonally adjusted annual rate of 5.57 million last month, from a downwardly revised pace of 5.1 million in August, the National Association of Realtors said Friday.

That pace was the strongest in two years and beat Wall Street forecasts. Sales had been expected to rise to an annual rate of 5.35 million, according to economists surveyed by Thomson Reuters.

“There’s a mini-boom going on in the housing market,” said Thomas Popik, who conducts a monthly survey of real estate agents for Campbell Communications, a research firm.

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]]> http://www.positiveonrealestate.com/pr/495/feed 0 Affordability is Back! http://www.positiveonrealestate.com/pr/216 http://www.positiveonrealestate.com/pr/216#comments Fri, 10 Apr 2009 16:54:26 +0000 admin http://www.positiveonrealestate.com/?p=216 Affordability is back and that is moving home buyers off the homebuying fence.
  • 55 million families-or half of all U.S. households-can afford today’s $200,000 median-priced new home (National Association of Home Builders (NAHB)
  • A typical family today can purchase a house with $20,000 less in household income and save nearly $500 per month on their principal, interest, taxes and insurance. The number of households that can afford to purchase a home today is 55.4 million, compared with 38.4 million two years ago, according to figures compiled by NAHB.
  • Single-family permits were up 11 percent in February, new and existing home sales also posted gains and the huge inventory backlog is being slowly whittled down.

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