Real Estate Predictions Contradicts

Written by Administrator

Friday, 13 January 2006

Last December the national media got most of the attention on real estate a report that it would go downhill comes new year, and that forces the down stock for major real estate brokers. The report was published by University of California , Los Angeles via Anderson Forecast, it says that both real estate and construction industries would slide down and would account for 800,000 lost jobs. Edward Leamer, Director of UCLA's Anderson Forecast says "Housing is in a perilous position," but he also said that the downward fall of housing won't push the country to panic. Eventhough the Anderson Forecast was very pessimistic on it's views for the economic progress this year, there are several economist and real estate industry analyst who were very optimistic and less pessimistic on their perspectives. Most of them believes that the issue began in 2002, and resulted into a 20-30 percent climb on price increase. They all believe it's all over, and they believe there will be no bust for this year. Existing home sales and new contruction are falling and inventories are going up. With interest rates expected to skyrocket, the buyer's demands will laylow and so will the prices for it. Will this prove that it takes more than numbers to explain this years economic struggles? Well the reasons are far fetched but as the year starts, forecast such the Anderson Forecast of UCLA will come out to challenge the consumers on a different level. It's all up to the Real Estate brokers, Inverstors and consumers to supply the overwhelming demand of stocks rising and falling. In the end it will not vary over reports and predictions rather than the final word is still far as we only start the year off. Let alone the early season rose admist the predictions comes out. expect the forecast to change as the season progress. By Jayron Magcale Turks.US Miami Real Estate Sarasota Real Estate

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