The National Association of Realtors (NAR) has released new figures showing that there was a significantly higher number of pending property sales during August 2011 than the same time last year. This is despite many believing that the number of property sales is dwindling.

The figures revealed that there were 7.7 per cent more properties waiting for transactions to be completed than a year ago, illustrating that the number of completed sales alone doesn’t always give a full picture of the performance of a market.

Meanwhile, a leading NAR economist has been quoted saying that action is needed to help what would be potential buyers get on the property ladder: “We need to remove the road blocks to the housing recovery for people who are trying to take advantage of excellent affordability conditions.”

Only last month the association revealed that home sales in the USA had risen in August on both a monthly and annual basis. More people have taken to investing in property in the USA and are making good returns on rental incomes on buy-to-let property. With the US dollar fluctuating against the Pound on a daily basis, it’s important to secure a competitive rate for any currency transfers you make. A currency specialist, such as Smart Currency Exchange, can help you do this.

To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide’