US existing home sales on the rise

International money transfers to the US could be on the rise after new figures have revealed that there was an increase in sales of existing-homes in March.

The National Association of Realtors (NAR) revealed that existing-home sales increased by 3.7 per cent to a seasonally adjusted annual rate of 5.1 million in March.

This compares to an upwardly revised 4.92 million February, although it is down 6.3 per cent from the pace recorded in March 2010.

Lawrence Yun, chief economist at the NAR, commented: "We project moderate improvements into 2012, but not every month will show a gain – primarily because some buyers are finding it too difficult to obtain a mortgage.

"For those fortunate enough to qualify for financing, monthly mortgage payments as a percent of income have been at record lows."

Using a foreign exchange broker to make an international money transfer to the US can help lower costs if you are buying property in the region.

Click here to make International Money transfer to the US

Posted by Chris Barber