ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 10/03/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 10/03/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 10/03/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

A monthly index that gauges pending  sales of U.S. resale homes jumped 7.7 percent year-over-year in August but  dipped 1.2 percent compared to July 2011, the National Association of Realtors  reported today.

Also today, NAR released its latest forecast report for 2011  and 2012,  revising down an earlier prediction for U.S. real gross domestic product   growth. The association expects U.S. GDP growth of 1 percent in 2011  and 1.3  percent in 2012, compared to a previous forecast, released last  month, that anticipated  GDP growth of 1.6 percent this year and 2 percent in 2012. Actual U.S. GDP rose 3 percent in 2010, and declined 3.5  percent in 2009.

NAR’s Pending Home Sales Index, which measures real estate  sales contracts signed but not yet closed, typically represents about 20 percent  of all existing-home transactions. An index score of 100 is equal to the  average level of sales contract activity in 2011, which was the first year  examined by the trade group.

The index was up 8.2 percent in the Midwest, 7.6 percent in  the South, and 1.3 percent in the Northeast on a year-over-year basis in  August, while falling 5.8 percent in the Northeast, 3.7 percent in the Midwest, 2.4 percent in the West and rising 2.6 percent  in the South on a month-to-month basis.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

In its latest economic forecast, NAR projects 4.94 million sales of  resale homes this year (up 0.7 percent compared to 2010), and 5.15 million  existing-home sales in 2012 (up another 4.3 percent), with the existing-home  median price falling 3.9 percent this year and rising 2.9 percent in 2012.

Sales of new, single-family homes, meanwhile, are forecast  to fall 5.8 percent this year, to 303,000, and to rise 25.2 percent next year,  to 380,000.

NAR expects the unemployment rate to be 9 percent in 2011,  and to improve to 8.7 percent in 2012 — last year’s unemployment rate was 9.6  percent.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 10/03/2011
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s