Add to Technorati Favorites Roof Magazine: From The Mouths of Realtors

Thursday, March 20, 2008

From The Mouths of Realtors


This just in from south Florida, where John Tuccillo, former chief economist for the National Association of Realtors, predicted:


...by summer or fall of 2009, the economy will be better, the housing market will be good and mortgages will be going for about 2 percent more than now.

The hat trick that will pull South Florida from the dumper, he said, is “population growth, falling home prices and a better economy.”

He urged the crowd to watch for three things that will indicate improvements in the real estate market: a drop in the number of home listings, a drop in the amount of time homes remain on the market and an increase in the ratio between the sale price of a house and its listing price.


Until that happens, however, “if you don’t have to sell your house, don’t,” Tuccillo said. Of course, not everybody trusts his advice.

[Photo credit: Nocirc]

No comments: