Carpenter-Ridgeway Neighborhood Market Statistics 2007, Madison, Wisconsin
By Mindy Allen, Broker, ABR
(Keller Williams Realty)
Existing-Home Sales Expected in Early 2008, then Gradual RiseOver the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market. "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said. "On the other, consumers continue to wait for additional signs of market stabilization. There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."NAR also encourages the Fed to make ...