Economic Insights – Schwab Center for Financial Research

Lawrence Yun, Chief Economist for the National Association of Realtors has stated in his forecast for 2009 that new existing home sales should rise despite economic struggles.

It seems like the market is doing something different almost every day now – however there is good news in all of the fluctuations.

Lawrence Yun, Chief Economist for the National Association of Realtors has stated in his forecast for 2009 that new existing home sales should rise despite economic struggles.

With home prices returning to affordable levels and mortgage rates at historic lows, Yun predicts that the housing market will find the boost it needs. Early evidence of this can be seen in the increase of pending home sales from August – September of 08.

For more general information, Senior Vice President Mark Riepe at the Schwab Center for Financial Research has an article that explains our current situation in historical terms – giving a positive perspective to view our current state of affairs. You can view this article by following the link to http://www.schwabinsights.com/2008_10/economy.html.

About the Author

Factotum has written 7 articles on Bellevue Real Estate Information.

If you choose to let us sell your property we'll do that at the highest price, in the quickest time, with the least inconvenience to you. If you're a buyer you'll be fully satisfied with our full service brokerage. Born and bred in Washington State, but have lived around the Pacific Rim. Coming home to Puget Sound country has made us appreciate this world class destination for all its glories.