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Sally Koss shares some NAR good news.
Sally is the Broker/Owner of RE/MAX Landmark with nine offices located in the Boston Area. Since I specialize in Boston Area Move in Homes in the Boston,MA area I think we can look at our area and see room for even a bit higher expectations and potentially a faster return to consumer confidence with the level of technology and sophisitaction in this local market.
UPDATE APRIL 2013_The market continues to grow, but Landmark is down to 6 offices now and I have moved on to Keller Williams where I have been named to the BostonTop20 Realtors
Nationally, 2012 existing home sales should rise 4% - 5% to 5.2 million units and new home sales should surge 23% to 372,000 units from 2011 record lows.
Pent-up demand from population growth, slowly improving employment and doubling up of households will offset low consumer confidence and restritive mortgage underwriting and will spur 2012 housing sales.
By the end of 2012, mortgage rates will gradually rise to 4.5% from the current 4% levels, GDP will increase 2.2%, and unemployment should drop to 8.7%.
Housing to gradually improve in 2012, NAR economist says Friday, November 11th, 2011, 4:12 pm by KERRY CURRY http://www.housingwire.com/2011/11/11/housing-to-gradually-improve-in-2012-nar-economist-says ... more
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