- August 2008
- New rent formula confirmed for property in Dubai - 20-08-2008
- Moroccan Sands to bump Moroccan Property into the Premier League - 20-08-2008
- Major development within Dubai Waterfront and Dubai Maritime City - 19-08-2008
- New Flights to Hurghada, Hotspot in Egypt - 19-08-2008
- New plans for hotels in Bangaluru and Goa and projects in Morocco by East India Hotels Ltd - 18-08-2008
- Sheffield's Real Estate contract awarded to Tepe Akfen - 18-08-2008
- Increasing Tourism to Egypt Causing Property Investment Boom - 15-08-2008
- Forty Percent Increase in Property Prices in Dubai - 15-08-2008
- Optimistic view of the Dubai property market - 14-08-2008
- Morocco Becoming A New Property Investment Hotspot - 14-08-2008
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HOME SALES LIKELY TO STICK IN US
Thursday, 09 Aug 2007
Sales of homes in the US are likely to stay level over the coming months, with little change in sales activity expected, a new report predicts.
US organisation the National Association of Realtors (NAR) claims that sales levels should benefit from a modest increase towards the end of the year however.
It predicts that a total of 6.04 million homes will be sold over the course of this year, with a total of 6.38 million real estate transactions forecast to go through in 2008. Both these figures are less than the 6.48 million sales registered in 2006.
"Existing-home sales should be relatively stable over the next few months, holding in a modest range, with some pent-up demand growing from buyers who've been on the sidelines," NAR senior economist Lawrence Yun said.
He went on to add that a downturn in sales would ultimately support the market, as it would lead to less construction. This in turn would lower relative levels of housing stock, a factor which would push future price appreciation, he said.
Property Select offers a comprehensive selection of overseas property in Florida, news, members club and reviews of the latest property developments.
You might also like to read:
- Reminder for those with property in Florida - 29-02-2008
- Florida 'is a desirable location' - 13-02-2008
- Florida still good 'over long term' - 21-08-2007
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