Home Sales 2011
October 29, 2011 by staff
Home Sales 2011, Today, the National Association of Realtors (NAR) released its report on pending home sales for September show that home sales fell to the national seasonally adjusted index dropping a notable 4.6% since August but increased 6.4% above the level seen in September 2010.
Meanwhile, the chief economist Lawrence Yun SNIA suggests that buyers were sidelined by the weak confidence in the economy and confusing policy that leaves the Fed, while the most likely explanation for the latest round of weak results is that buyers simply see that prices are lesser charge …. In this economy would leverage a significant debt to buy an asset that is still clearly the decline in value?
“A combination of consumer confidence and tight lending standards continue homebuyers retained, although the private sector added nearly 2 million net new jobs in the last 12 months … the U.S. monetary policy is contradictory and confusing, where some consumers with the best financial and top-notch credit scores pay higher mortgage interest … The Federal Reserve has obviously been trying to lower mortgage rates, however, consumers face more borrowing handle jumbo interest rates. … just left to sit too much money in banks and not work in the economy is a drag on the global recovery … We need a comprehensive approach to address housing problems no more impediments -. ”
The following table shows the national seasonally adjusted index of pending sales, along with the percentage change on a year over year, as well as the percentage change from the peak set in 2005 (click for a larger version).
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