This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Outlook Still Gloomy for US Real Estate

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


US Foreclosed Property 

Outlook Still Gloomy for US Real Estate

By - Thursday 09 September 2010

Real estate sales in the US climbed dramatically during July giving the sector a much-needed boost, it has been revealed.

The news comes after it was reported that sales in the country during June stood at a nine-year low.

However, the National Association of Realtors (NAR) reports that pending home sales rose 5.2 per cent during July compared to the previous month.

Lawrence Yun, NAR chief economist, warned that the foundations for a firm recovery do not yet exist.

"The recovery looks to be a long process. Homebuyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers," he added.

"For those who bought at or near the peak several years ago, particularly in markets experiencing big bubbles, it may take over a decade to fully recover lost equity."

Meanwhile, others believe the outlook is still gloomy.

Yelena Shulyatyeva, an economist at BNP Paribas in New York, explained that the future of the US property market remained uncertain as a result of a mounting inventory of foreclosed and vacant homesADNFCR-3415-ID-800056443-ADNFCR

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus