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)
More Information . . .
Visit my web site for additional services and support: LawrenceYerkes.com
and visit BestProperties-NJ.com to learn more about our commercial services and resources.
Copyright 2007 by Lawrence Yerkes. All Rights Reserved.
NAR Forecast: This Slowdown We Can Handle
1 comment • Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services • December 29 2007 01:40PMComments
This blog does not allow anonymous comments
Post © 2009 Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services (RE/MAX Preferred). Design © 2009 ActiveRain Corp.
Logos and service marks owned by copyright holder.
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.