Home Sales Recovery Will Start This Year
August 25, 2008
Modest near-term movement is expected in existing-home sales, with at least a start of recovery in sales seen during the second half of this year, according to the latest forecast by the National Association of Realtors. Lawrence Yun, NAR chief economist, made this comment: "The overall decline in recent contract signings suggests we are not out of the woods by any means. But the housing stimulus bill is critical to assure a healthy recovery in the housing market, jobs and the economy," he said.
Posted in All Things San Diego, Real Estate
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