U.S. Real Estate Market
South of the border,. the real estate downturn has been affecting many areas of the economy, but there is hope for a turnaround.
Home sales are expected to rise moderately in the next 6 months as a result of recent price declines and more affordable mortgages.
Bargain hunters have entered the market en masse, and NAR's (National Association of Realtors) pending home sales index a forward looking indicator based on contracts signed in April 2008, rose 6.3% since March 2008.
Overall affordability conditions are the best they've seen since the middle of the housing boom in 2004, but with far more choices.