July 14, 2024

real estate bubble(San Francisco Chronicle, Apr. 12th): "The National Association of Realtors [NAR] predicted last week that the median price of existing U.S. homes is expected to fall 0.7% this year, the first time that has happened since records started in the late 1960s. The forecast was startling, coming from the normally upbeat industry group. Last year… the nationwide median price of an existing home rose a modest 1%… The NAR has also lowered its 2007 forecast for sales of new and existing homes.[tags]real estate market,housing market,home values[/tags] downtown San Diego condominiums

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