Thursday, December 15, 2005

Prediction for 2006 Housing Market

The National Association of Realtors® is predicting that 2006 will again be a strong year for housing, second only to record-setting levels of 2005.

David Lereah, NAR's chief economist, said that market conditions are still favorable for housing. "The slowdown amounts to a tapping of the brakes on a hot market. Home sales are coming down from the mountain peak, but they will level-out at a high plateau – a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing."

To read more: 2006 housing market forecast

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