Monday, July 31, 2006

NAR Announces the Return of the Buyers Market

NAR Announces the Return of the Buyers Market


Home buyers have waited for years but perhaps the agony is over. It is official; the National Association of Realtors has confirmed that we are now in a buyers' market.


According to the NAR June report on existing home sales issued last week there is now a 6.8 month supply of existing homes on the market. One year ago the supply was 4.4 months. The joint report of the Department of Commerce and the Department of Housing and Urban Development on new home sales contained...

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