Near-Term Home Sales to Hold in Modest Range

By: Huntsville Real Estate Expert Mike Manosky On August 16, 2007

Despite all of the media buzz about the so-called “burst of the real estate bubble,” the National Association of REALTORS® is predicting that the real estate market in general will neither rise or fall dramatically in the coming months. 

Lawrence Yun, NAR senior economist, said he isn’t looking for any notable changes in sales activity. “Existing-home sales should be relatively stable over the next few months, holding in a modest range, with some pent-up demand growing from buyers who’ve been on the sidelines,” he said. “Mortgage disruptions will hold back sales over the short term, but long-term fundamentals are favorable. A modest upturn is projected for existing-home sales toward the end of the year, with broader improvement to include the new-home market by the middle of 2008.”  

Read the full article here. 

Considering this information and the current market conditions, this is still a great time to consider buying or selling a home.  To learn more about Huntsville AL real estate, please visit my website or call me today at 256-508-0211.

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