Real Estate Blog - NAR Forecast: This Slowdown We Can Handle

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NAR Forecast: This Slowdown We Can Handle

The economy is slowing. In the fourth quarter, GDP growth will have shrunk for the first time since the 2001 recession. The projected decline is only 0.4 percent, but it is nonetheless a decline.

No worries though.

This NAR article discusses why, projecting forecasts for 2008 and discussing what the different segments of the housing industry need to keep their eyes on and actions to take.

(Source: NAR)

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Posted by Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services on 12/29/2007 01:40 PM

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nar, marketing forecast, forecast, foreclosures, economy

Originally posted at: Southern New Jersey Overlook: NAR Forecast: This Slowdown We Can Handle

1 Comments on NAR Forecast: This Slowdown We Can Handle

DEC

2007

January 10, 2006 - The key word for the housing market in 2006 is balance, with a return to a more normal rate of price growth, according to the National Association of Realtors®.

April 11, 2006 - Home sales should generally level-out and remain at historically high levels, according to the National Association of Realtors®.

October 02, 2006 - Pending home sales are up, indicating a stabilization is taking place in the housing market, according to the National Association of Realtors®.

November 03, 2006 - In a full-page newspaper advertisement running in six of the nation's leading newspapers beginning today, the leadership of the National Association of Realtors® is launching a national campaign to urge home buyers who have been waiting to buy the home of their dreams to act now before the market changes.

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