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Calculated Risk on the 2008 NAR Forecast

Author: Jay T. - The Editor

Posted on December 10, 2007 
Filed Under NAR - Forecasts

Calculated Risk (a fabulous blog BTW), just posted a little analysis of the NAR’s 2008 housing sales forecast, complete with spiffy charts.

Their take?

Based on slowing turnover rate and tighter lending standards, we can probably already say the NAR forecast of 5.7 million units in ‘08 is way too high.

Looking forward to their forecast…

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  This weblog was created out of frustration. Frustration with the NAR. They seem almost completely out of touch with today's market, and the needs of real estate agents and real estate consumers alike.

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