Some positive signs in the USA real estate

Residential property in the USA have increased in the month of August despite the ongoing tight credit and the disruptions by natural disaster was reveled by the National Association of Realtors.
Sales are higher by 18.6% more compared to the 4.24 million unit level in August 2010.
  
‘Some of the improvement in August may result from sales that were delayed in preceding months, but favorable affordability conditions and rising rents are underlying motivations. Investors were more active in absorbing foreclosed properties. In additional to bargain hunting, some investors are in the market to hedge against higher inflation,’ explained NAR chief economist Lawrence Yun.

 The main and biggest factor that is stopping home sales from a better recovery are mortgages being denied to creditworthy buyers.

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