Home sales, prices to pick up in the 2nd half of 2008!
Home sales to pick up in 2nd half of 2008, says NAR Cheif economist!
05/16/2008 PR Newswire (U.S.)
WASHINGTON, May 15 /PRNewswire-USNewswire/ -- Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of Realtors(R) said today during NAR's Midyear Legislative Meetings & Trade Expo. More than 9,000 Realtors(R) and guests are attending the conference that runs here through Saturday.
Middle-America cities that performed evenly over the past few years - like Cincinnati, Milwaukee and the Kansas City, Mo., area - are likely to experience home price gains in the 20 to 30 percent range over the next five years, while markets like Miami, Las Vegas and Phoenix could see prices go up as much as 50 percent during that time period, Yun said.
We're happy to pass on good news to our viewers. Thank you, Lee Moore Sr.
