October 23, 2006

Home Sales Weaker In 2006

Home Sales Weaker In 2006

As reported by a realtors group, U.S. home sales for the year will be weaker and price appreciation will be smaller than previously forecast.

 

In its monthly economic outlook, the National Association of Realtors lowered expectations for the two key housing indicators but said strong economic fundamentals signal that the market will stabilize.

 

"Given a positive economic backdrop of lower interest rates and job creation, we expect sales activity to pick up early next year," said David Lereah, NAR's chief economist.

 

For this year, though, the group expects the housing market to end weaker than they had previously predicted.

 

Get the full story here…

 

 

Remember, we can help you find a Virginia Beach real estate agent at no cost to you. To have us find the best agent for your Virginia Beach home search, simply click the "Find an Agent in Virginia Beach" link at the top or bottom of this page to get started.

Like This Article? Please Tell Others About It:

Buzz Up Digg Mixx
Print