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Drop in Home Sales 2007

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I just read this article on the Yahoo real estate section titled "Realtors predict drop in 2007 home sales."

Apparently anything that NAR's chief economist, Lawrence Yun says, is a signal to the AP writer Alan Ziebel that all Realtors think this same thing. In case you're wondering, you can catch what Mr. Yun said in the full context from his Real Estate forecast.

Should we still be worried about making predictions about the 2007 market in Q3? Isn't more relevant to put a forecast that looks into 2008 into the AP Business wire? Just a thought.

For More Nationwide, Please See:
Lawrence Yun Discussion at Property Smack
Money and Such gives the broader financial/economic perspective.
Fear and Loathing in the Mortgage Market
The Long Overdue Mention of Pent up Demand in St. Louis.


Thank you for including a link to my article in your post.

Hey, you're more than welcome, thanks for coming by.

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2007 Average Sales Price: 2.25 Million