La Jolla, CA (PRWEB) August 24, 2012
REMI issued some observations about the reports of a continued recovery in the housing market today, and their opinion is that this will help home sellers or an online estate agent looking to find results from a real estate advertisement aimed at attracting buyers because sellers are now more likely to sell their home for a higher price.
WLTX.com reports that during the month of July, housing sales rose 2.3%. At the same time, the National Association of Realtors claims that prices are 9.4% higher than they were during July of 2011. The reason for the rise in prices is because there are fewer houses on the market and a reduction in the number of homes on the lower end of affordability. While this is ostensibly good news, many economists with organizations like Moody’s Analytics and UBS are suggesting that the growth should have been higher and are arguing that the smaller amount of home available and stricter lending policies are limiting the growth.
The National Association of Realtors (NAR) is made up of realtors both for private properties and commercial properties, as well as others involved in the real estate industry. Along with managing listing numbers and the MLS system, the NAR enforces a strict code of ethics that ensures that Realtors are honest in practicing their profession. Realtor.com is a website created and managed by the NAR.
Moody’s Analytics is a branch of the larger Moody’s corporation, one of the largest credit rating agencies in the world. The Analytics branch is designed to perform economic research related to the fields of credit, investment and other financial areas. Moody’s Analytics was started in 1995, but in 2007, it became more of a separate entity, even though it is still made from a number of subsidiary companies that are all involved in economic research.
UBS is a Swiss financial service that has a reach far beyond Switzerland. The origins of UBS were as the United Bank of Switzerland, and while banking is still a part of their organization, UBS is also involved in asset management and wealth management. A huge number of people in 50 countries rely on UBS for these wealth management services, although they were the European bank that suffered the most from the 2007 subprime crisis.
Real Estate Marketing Insider today commented on a the news that there is continued growth in the real estate industry due to both rising home sales and home prices, even though various economists feel that the prices and sales could be rising even more.
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Real Estate Marketing Insider was created in La Jolla, California as a publication designed to supply tips, strategies, and analysis to real estate professionals.