000			01498cam a22002295a 4500
001			L144867
008			110419s20080813xxkd f s 000 0 eng d
035			_a(Sirsi) u144867
041	0		_aeng
050	0	4	_a306 $2 18
110	2		_aRoyal Institution of Chartered Surveyors _bEconomics _95033
245	0	0	_aUS housing briefing note _bAugust 2008 _h[electronic resource]
260			_aLondon _bRICS _c2008
505	2		_aIntroduction -- Key indicators of American housing sales -- Conclusion
520			_aBriefing note looks at key indicators of American housing sales in an attempt to look for evidence that the recent fall in prices is coming to an end. Indicators reviewed include affordability; mortgage interest rates and the labour market. Article concludes by saying that RICS believes that concurrent improvement in the MBA purchase index; the pending home sales index and in new home sales volumes must be seen over three to six months before we can say that a bottom has been reached. Regardless of this, the glut of unsold and vacant homes in the US market means that improvements to house prices are unlikely to occur quickly, even in the event of a halt to the current declining trend.
521			_aAdvanced
650	2	4	_aUS HOUSING BRIEFING NOTE
651		4	_aUnited States _y1959-
690			_aResidential property _96266
856	4	8	_uhttps://www.rics.org/site/download_feed.aspx?fileID=901&fileExtension=PDF _zView the item free of charge online at www.rics.org
942			_n0
999			_c108635 _d108635