Some improvement is projected for US existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill, according to the latest forecast by the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 5,3 percent to 89,0 from a downwardly revised reading of 84,5 in May, but remains 12,3 percent below June 2007 when it stood at 101,4.
Meanwhile international real estate purchases in the U.S. continue to be a significant share of business for many Realtors, according to the 2008 National Association of Realtors® Profile of International Home Buying Activity.
This new research indicates that international buying activity in the U.S. is widespread.
NAR estimates that between 150 000 and 190 000 homes were sold to foreign nationals from May 2007 to May 2008. Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular.
People from North America, Europe and Asia accounted for more than 85 percent of recent foreign home buying transactions. The top six countries of origin for foreign home buyers, in rank order, were Canada, the United Kingdom, Mexico, China, India and Germany. This year, Canada replaced Mexico as the country with the largest share of foreign buyers in the U.S.
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1 comment:
As they say, the strong will survive or, in this case, those with a solid record, excellent service, the ability to shift with the market and, frankly, those with some cash in the bank have weathered the shift.So what is the A game in real estate these days? It’s different than what it used to be. Here’s my take on the topic: The Real Estate A Game (most of this is not new)
- Full time
- Admin assistant
- Significant internet presence
- Online social networking
- Virtual tours for all listings
- Tracks expenses for client results
- Is known among local Realtors
- Has a proven track record
- Constantly studies the market
- Constantly listens to the mortgage moving target
- Adept at counseling clients through the uncertainties
- Does not work 24/7 (that Realtor will not have longevity)
- Longevity.That’s my take. Anything less is B material.For more view- realtydigest.blogspot.com
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