Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of Realtors . Lawrence Yun , National Association of Realtors chief economist, expects the improving sales pattern to continue. Existing-home sales have risen in six of the past eight months, so were clearly on a recovery path, he said. With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain primarily because some buyers are finding it too difficult to obtain a mortgage. For those fortunate enough to qualify for financing, monthly mortgage payments as a percent of income have been at record lows.
Have a real estate news item? Contact me: email@example.com
Click here to sign up for Daily Voice's free daily emails and news alerts.