Get Feng Shui tips, Jacksonville Florida real estate listings, homes for sale, pre-construction homes and relocation information from Will Vasana.
Jacksonville Florida real estate
Will Vasana Site Map
Bookmark This Site
Email Will Vasana
Free Real Estate Reports
Home Page About Will Vasana Find Homes For Buyers For Sellers Jacksonville Local Info Real Estate Resources

Jacksonville Florida Real Estate Blog

Get latest news and real estate development in Jacksonville, Florida. A real estate blog by Will Vasana, Realtor.

January 09, 2006

2006 Housing Forecast

America's 2006 economy will be markedly better than 2005, despite a softening housing market, according to a panel of real estate trade group economists. NAR Chief Economist David Lereah predicts that housing resales activity will slow about 4 percent to 5 percent this year, but adds that the market may only be taking a one-year breather.

Two housing bright spots: Manufactured home sales will surge, courtesy of rebuilding efforts in Gulf Coast areas damaged by 2005 hurricanes, and consumers will continue to spend freely on remodeling.

Among the scenarios the economists believe could trip up the economy: a sudden end to heavy foreign investments here; another major increase in oil prices; a sudden Federal Reserve shutoff of borrowing ability.

Source: Florida Association of Realtors®

Bookmark and Share


Post a Comment

<< Home