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American real estate sales jump to a 6 year high

A recent survey measuring the number of Americans buying US property in October jumped to nearly its highest level in 6 years. The recovery of the US property market has been greatly helped by low mortgage rates and a steady increase in job numbers.

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PRLog (Press Release) - Jan. 16, 2013 - The National Association of Realtors stated its pending home sales index rose 5.2 percent in October. Excluding a few months when the index spiked because of a homebuyer tax credit, that is the highest level since March 2007.

In general, signed purchase agreements for American property indicate where the US housing market is going. And it’s looking good for the future of US property. There's generally a one- to two-month lag between a signed contract and a completed sale.

Associated Press

Property4peanuts.com Comment

The vast majority of surveys, reports etc are strongly indicating that the American property market is stabilizing and starting to slowly increase back to more normal levels. We are seeing again and again property prices increasing in the areas that we deal with. Of course you can still find cheap property for sale in Florida and cheap property for sale in Atlanta etc but experts believe that there is about only 2 more years left of these bargain prices until prices return to normal levels.

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Tags:american property, us real estate, Cheap US foreclosures, Cheap florida property
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