Although the housing market struggled to maintain an even footing in 2011, gradual improvement is expected in 2012 and beyond, according to projections at the 2011 Realtors Conference.
According to the National Association of Realtors (NAR), home sales should be stronger based on a pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could stimulate the real estate market when conditions improve. Based on NAR’s current projection model, existing-home sales would total 4.96 million in 2011. Read entire article here.
According to the National Association of Realtors (NAR), home sales should be stronger based on a pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could stimulate the real estate market when conditions improve. Based on NAR’s current projection model, existing-home sales would total 4.96 million in 2011. Read entire article here.
