July Home Sales Are At a Two Year High

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Tobias Nergarden comments on the reports the home sales for July 2012 have matched the two year high first set in May 2012.

Mr. Nergarden issued some observations about the reports on July home sales that have matched the numbers already set in May today, and his opinion is that this will help home sellers wanting to sell a house or those involved in real estate website marketing.

The Washington Post reports that the highest amount of home sales since 2010, a number that first appeared in May, but has been repeated in July. The fact that this has happened is widely considered an indication that the housing market is improving. The seasonally adjusted rate of home sales, as reported by the U.S. Commerce department, is now 372,000. The National Association of Realtors also reports that compared to July 2011, the 2012 numbers are 10% higher and have improved over the June numbers. The numbers could be higher, but a report from the U.S. Federal Reserve demonstrated that tighter lending standards have caused fewer buyers to qualify for loans.

The United States Commerce Department is a part of the executive branch of the U.S. Government. This part of the cabinet was created in 1903 in order to create employment and the infrastructure that would create business growth. In recent years, much of the tasks once done by the Commerce Department have shifted to other areas of government, which has created a great deal of criticism and even demands to eliminate of reorganize the department.

The United States Federal Reserve has become a very powerful part of the United States economic structure since it was founded after a market crisis in 1913. One of the most important tasks done by the Federal Reserve is to adjust and set interest rates. Along with this, the Federal Reserve is also involved in conducting studies and publishing reports about different factors of the economy.

Real Estate Marketing Insider today commented on the news that July 2012 home sales are higher than they have been in two years, a milestone also reached in May. This is a sign of a possible housing recovery.

About Real Estate Marketing Insider:
Real Estate Marketing Insider is a publication based out of Las Jolla, California. REMI aims to provide tips, analysis, and strategies for real estate professionals.

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