When Will The Real Estate Market Come About?
Realtor magazine attempts to answer the question that may hold the key to our economic recovery ” When will the housing market rebound?”
Lawrence Yun the National Association of Realtors, NAR, provides a straight forward answer “By the end of this year, practitioners should see 5.4 million existing-home sales and home price growth of up to 3 percent”
Yun’s prediction is predicated on his expectations that the national economy” , which is on track to expand by 3.1 percent this year after shrinking 2.5 percent last year”
Realtor magazine also warns that “The crisis in Greece could also be a preview of what the United States will face if it doesn’t turn its attention to deficit reduction.”
Read the entire article here
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