National Association of REALTORS®
October 2009
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Check out this snapshot of monthly housing indicators.
The key to any future sustainable economic recovery lies in home values stabilizing or, better yet, a return to a historical home price appreciation rate of 3 to 5 percent each year.
For the latest economic forecast insights and analysis, visit our Economists' Outlook page.
Not surprisingly, August’s Confidence Index varied by region, but as was the case for the different indexes for each property segment, all of the regional measurements posted month to month and year over year gains.
Overall, REALTORS® report that the market has become much more active at the lower end, but is still slow at the upper end
Existing-home sales posted a seasonally adjusted annual rate of 5.10 million units in August – off 2.7 percent from July’s sales pace but a 3.4 percent gain over the level in August of 2008.
See previous issues.
NAR’s 2009 Annual Conference and Expo in San Diego is just around the corner. While there, be sure to attend the valuable sessions offered by NAR Research, including the popular Economic Issues & Residential Real Estate Business Trends Forum.
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