Friday, October 13, 2006

A Change in the Real Estate Market Approaching?

According to an article posted on RISMedia's website (www.rismedia.com), the National Association of Realtors (NAR) projects sales activity should increase early next year.

According to David Lereah, NAR's Chief Economist lower home prices combined with lower interest rates and job creation should entice home buyers who have been on the sideline to enter the housing market.

2006 will still be a strong housing year, with over 6.45 million homes sold across the nation, the third strongest housing year after 2004 and 2005.

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