August numbers suggest housing market is stabilizing
Last month 28 per cent more chartered surveyors reported increases in new instructions following months of sluggish movement in the market. But, according to the survey, the boost was not enough to keep up with demand – as enquiries from potential buyers also rose last month. Ben Collins, Director at RICS Wales, said: “The residential market in Wales continues to steadily improve. The buyers are out there and prices are on the up so if you’re looking to move it’s a good time to do so.
For the original version including any supplementary images or video, visit http://www.itv.com/news/wales/story/2013-09-10/housing-market-improves/
Montrealas condo market still favours buyers, noted Paul Cardinal, director of the market analysis department at the Quebec Federation of Real Estate Boards. The marketas already vast supply of condos for sale increased by 23 per cent in August, with prices remaining flat year-to-date at $225,000 for the region and at $265,000 for Montreal Island. While new home construction is slowing, the record-high level of condo inventory could take up to a year to drop. aThe impact of the decline in new construction isnat something that weall see in a few months,a Cardinal said. Cardinal and other analysts warned against interpreting the strong August sales data as a trend for the rest of the year, or external link as a sign that buyers are speeding up their purchases to avoid rising mortgage rates. aI would like to have more than a month of data to be able to confirm this information,a Cardinal said.
For the original version including any supplementary images or video, visit http://www.montrealgazette.com/business/August+numbers+suggest+housing+market+stabilizing/8889457/story.html
Consumers Well-Attuned to the Housing Market: National Housing Survey Results Reflect Current Market Conditions and Concerns
Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future. For detailed findings from the August 2013 survey, as well as a podcast providing an audio synopsis of the survey results and technical notes on survey methodology and questions asked of respondents associated with each monthly indicator, please visit the Fannie Mae Monthly National Housing Survey page on fanniemae.com.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/consumers-well-attuned-housing-market-130000259.html