7/12/07 - Forecast: Rain/Shine - Prices Up/Down
By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
As we all know, every day can't be sunny and bright. By the same token, every day can't be rainy. The California Association of Realtors understands this as much as a weather forcaster understands the weather. In a recent C.A.R. article, according to National Association of Realtors most recent forecast "Lower levels of home-building activity throughout the nation will help existing home sales improve later this year and into 2008. Buyers now have an overwhelming advantage given the wide selection of homes available in many markets," said NAR Senior Economist Lawrence Yun. "But with profit margins coming under pressure, home builders will limit new construction well into 2008." "This should help the overall inventory level to move steadily into a more balanced state." Existing-home sale...
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