NAR Announces the Return of the Buyers Market

Posted on Monday 31 July 2006

Home buyers have waited for years but perhaps the agony is over. It isnofficial; the National Association of Realtors has confirmed that we arennow in a buyers’ market.

According to the NAR Junenreport on existing home sales issued last week there is now a 6.8 monthnsupply of existing homes on the market. One year ago thensupply was 4.4 months. The joint report of the Department of Commerce andnthe Department of Housing and Urban Development on new home salesncontained…

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