2006 Economic Outlook
A Stellar Market by any Measure
Source: 01/01/2006 Realtor.org - mag
by Robert Freedman
A Stellar Market by any Measure
Source: 01/01/2006 Realtor.org - mag
by Robert Freedman
The United States economy has displayed a powerful resiliency over the last several years, with home sales hitting records and commercial activity reaching robust levels despite a steady stream of big shocks like hurricanes Katrina and Rita. The same resiliency will keep real estate activity strong in 2006, handing practitioners in all property sectors another year of outstanding business opportunity.
"The real estate boom is showing signs of tiring," says NATIONAL ASSOCIATION OF REALTORS Chief Economist David Lereah, "but because the fundamentals in our economy are so strong, what we're calling a slowdown is really a stellar market by any definition."
"The economy is stronger and more resilient than anyone had anticipated just a few years ago," says Riggs. "Our economy has weathered the most destructive storm ever, the tech bust, the terrorist attrack, wars abroad, and accounting scandals. Despite all that, the stage is set for healthy market growth, and real estate is a prime beneficiary of that."
"The real estate boom is showing signs of tiring," says NATIONAL ASSOCIATION OF REALTORS Chief Economist David Lereah, "but because the fundamentals in our economy are so strong, what we're calling a slowdown is really a stellar market by any definition."
"The economy is stronger and more resilient than anyone had anticipated just a few years ago," says Riggs. "Our economy has weathered the most destructive storm ever, the tech bust, the terrorist attrack, wars abroad, and accounting scandals. Despite all that, the stage is set for healthy market growth, and real estate is a prime beneficiary of that."
