In February, with the exception of housing for sale has the largest amount of nearly six years. This was, as a result, the first time buyers, taking advantage of large discounts on the properties of insulation around the country.
Economic analysts say that, although not at the level of sales since May 1997, done at last, is returned if you are after the economic collapse last fall. However, assuming that prices will continue to decline until in this year. There are more than ten thousand households excluded are still for sale. Moreover, as the recession worsens, and the loss of jobs, many buyers are not protected by the home mortgage.
Director, Joint Center for Research on Housing (Harvard University), Mr. Nicolas Retsina said people would probably not buy a new house if they are concerned about future work. National Association of Realtors reported that it closed the sale of housing at 5.1 percent with 4.49 million units in January to 4.72 million units in March. It was the biggest increase since July 2003. For the first time buyer contributed to this growth, with more than half of the homes sold.
More and more people are buying homes for the exception, as we see some signs that prices are rising. For example, ask the seller's price in Orange County and San Diego, California, began to grow. Against this background, the majority of investors rushing to buy things before you stabilize. Moreover, it seems fair, since the majority of buyers at home to participate in the financing of its budget to serve. In February, the number of households in advance that they will not sell 3.8 million, an increase of 5.2 percent. This means that people are still in the homes for sale has the opportunity to buy before prices start to rise.
Private House Sales to grow in February
Labels: Property