- Real Estate News
- REALTOR Marketing
- Mortgage Rates
- Home Value News
- Real Estate Training
- REO Properties
- Luxury Real Estate
- Foreclosure Process
- Real Estate Consultants
- Real Estate Trends
- Real Estate Information
- Real Estate Technology
- Homeowner News
- Top 5 in Real Estate
- Best Practices
- Business Outlook
- Sales & Marketing
- Technology
- Coaching & Training
Real Estate Hot Topics
Profit Center: Real Estate Tips, Training & Events
RISMedia Solutions
RISMedia on the Go
Today's Featured Listing
Realtors Lower Housing Forecasts for 2007, 2008
By Rex Nutting
RISMEDIA, June 7, 2007-(MarketWatch)-Once again, the National Association of Realtors? has lowered its forecasts for key housing indicators for this year and next. Sales of existing homes are now expected to fall 4.6% to a seasonally adjusted annual rate of 6.18 million.
A month ago, the real estate trade group was expecting sales to fall 2.9%. Sales of new homes are expected to fall 18.2% to 860,000 and housing starts are expected to fall 20.4% to 1.43 million.
For 2008, sales of existing homes are expected to rise 3.7%, sales of new homes should rise 4.8% and starts should rise 3.6%. NAR senior economist Lawrence Yun said sales would “gradually trend upward with improving activity by the end of the year.”
The Realtors update their forecast each month.
Looking for fresh, daily content for your blog, newsletter or website? REsource Real Estate Content Solutions provides access to thousands of RISMedia articles and videos starting as little as $9.95 per month! Visit resource.rismedia.com now and get publishing today!
RISMedia welcomes your comments and questions. Email realestatemagazinefeedback@rismedia.com.
Copyright© 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
