Pending sales of US homes were higher in April than last year, according to the National Association of Realtors.
Forward-looking figures from the NAR show that sales fell 5.5 per cent from March but remains 14.4 per cent about April 2011.
Lawrence Yun, NAR chief economist, remains optimistic about the market, insisting that a one-month setback in light of many months of gains does not change the fundamentally improving housing market conditions. "Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues," he said.
Yun notes home sales are staying well above the levels seen from 2008 through 2011. "Housing market activity has clearly broken out at notably higher levels and is on track to see the best performance since 2007," he said. "All of the major housing market indicators are expected to trend gradually up, but a new federal budget must be passed before the end of the year for the economy to continue to move forward."
Good Time to Invest in The US, so check out our Latest US Deals by CLICKING HERE
No comments:
Post a Comment