“Buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly,” says NAR’s chief economist.
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These “boomerang buyers” could make up a large number of future home sales, considering that 4.8 million borrowers have lost their home to foreclosure since the housing crash.
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A group of real estate companies and top producers have banded together to help real estate professionals in need.
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The number of billionaires and millionaires worldwide is increasing, helping to keep the international luxury market strong.
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“By encouraging home ownership, we can create jobs and grow our economy,” Illinois Gov. Pat Quinn says.
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A financial forecasting firm declares the housing recovery “firmly” in motion.
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