It is predicted by the National Association of Realtors that over the next six months…
Existing home sales will RISE
New Home Sales will be flat – because less builders are bring new inventory to the market.
Housing Starts will go DOWN – again, less being built.
Housing Affordability will RISE
Mortgage rates will remain stable – cannot fall much further from the lows they are now.
From the first quarter 2008 Economoic Monitor Report done by the NAR for Metro MLS.
Many buyers have been waiting on the sidelines. Do not wait too long, a rare buying climate is in place right now.