Home sales are projected to move in a relatively narrow range with a gradual upturn becoming more pronounced by the end of the year, according to the latest forecast by NAR. Lawrence Yun, NAR senior economist, said the market is relatively soft. “Overall housing levels are historically strong, but sales remain sluggish compared to the recent boom,” he said. “Home sales will probably fluctuate in a...
June 6, 2007
Fed Chair: Home Slump Lasting Longer than ExpectedFederal Reserve Chairman Ben Bernanke told a bankers’ conference in South Africa Tuesday that the U.S. housing slump will last longer than he had previously expected, but it hadn’t spilled over into other parts of the economy.Speaking via satellite, he also expressed concern about rising inflation, but made it clear that it was unlikely that the Fed...
Hot off the press! Northwest MLS Releases Market Statistics for May 2007Posted by: Tony Meier - Eastside Realtor Western Washington Housing Market Continues Trend of Expanding Inventory, Fewer Sales, Rising Prices KIRKLAND, Wash. (June 6, 2007) - Fewer home sales, more choices and higher prices were the themes again in May, according to new statistics from Northwest Multiple Listing Service. ...