October 31, 2005

Home Builder Association Down on Market

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Home Builder Association Down on Market

- by Jeff Hoffman

© Jeff Hoffman- All Rights reserved
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The National Association of Home Builders (NAHB) has issued a statement about their view of the future of our real estate market... and their outlook is not as bright as I've heard from the realtor organizations.

NAHB Chief Economist David Seiders feels that the rise in interest rates that has already started, and is expected to continue, will pretty much put a damper on the hot real estate market.

Concerning itself with new construction, the "NAHB is forecasting a decline in total housing starts from 2.032 million this year to 1.94 million in 2006 and a further drop to 1.883 million in 2007."

To read more: NAHB housing market prediction

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Jeff Hoffman is the President of Hoffman Realty Group, Inc. and has assisted in over 100 relocation transactions during his real estate career. He is the creator of a powerful home selling system designed for the home seller not the real estate agent. To learn more about his Smart Seller Home Selling System visit
www.SmartSellerListing.com

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