Home-Price forecast: First ever decline
CNNMoney.com noted the National Association of Realtor's news release indicating the decline in home prices.
"National Association of Realtors cuts 2007 forecast; would mark first drop since it began tracking values in 1968."
"Home prices are expected to finish down for the year, the National Association of Realtors (NAR) said Tuesday, which would mark the first drop since the group started tracking values in 1968.
"NAR projects a 1 percent decline in the median price of an existing single-family home, to $219,800. The group, in a forecast made a month ago, had previously been expecting a 0.7 percent decline. Prior to that, it had expected a gain of 1.2 percent. "
Read the article here: http://tinyurl.com/35a253
Our Bradenton - Sarasota markets suffered an 18% decline in 2006 and that is continuing into 2007.
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Bradenton Real Estate
"National Association of Realtors cuts 2007 forecast; would mark first drop since it began tracking values in 1968."
"Home prices are expected to finish down for the year, the National Association of Realtors (NAR) said Tuesday, which would mark the first drop since the group started tracking values in 1968.
"NAR projects a 1 percent decline in the median price of an existing single-family home, to $219,800. The group, in a forecast made a month ago, had previously been expecting a 0.7 percent decline. Prior to that, it had expected a gain of 1.2 percent. "
Read the article here: http://tinyurl.com/35a253
Our Bradenton - Sarasota markets suffered an 18% decline in 2006 and that is continuing into 2007.
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Bradenton Real Estate
Labels: Bradenton Real Estate, House Prices, Market Conditions
posted by Dan Forbes at
2:12 PM
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