NAR Economic Forecast
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January 8, 2006
The National Association of REALTORS® (NAR) recently published their forecast for 2006. A record real estate market? No. A melt down? No. "The real estate boon is showing signs of slowing" but, "what we are calling a slowdown is really a stellar market by any measure." They are saying because the US economy remains strong, we will have another strong market for real estate. Here are their forecasts:In our local market, we might fair better than most See More Real Estate Market Data. We remain cautiously optimistic.*Estimated **Projected
National
AveragesInflation
RateGDP Jobless
Rate30 YR
Fixed RateAppreciation
RateExisting
Home SalesNew
Home Sales2004 2.7% 4.2% 5.5% 5.9% 9.3% 6.8M 1.2M 2005* 3.4% 3.5% 5.1% 5.9% 12.4% 7.1M 1.3M 2006** 2.7% 3.8% 5.0% 6.5% 5.3% 6.9M 1.2M
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