So, what’s the deal? We’re all trying to look into the crystal ball and see what our home value future is. Well, the NAR is indicating that 2005 was a banner year for sales, they dipped and will be increasing through 2007 and 2008. Keep in mind that these are numbers of sales and not sales prices, but it is good news for the industry and for individuals, as well.
Steve Seligman at Cornish and Carey Commercial in the Bay Area of California summed it all up after going to the Rolling Stones concert at the Filmore. “Good news is good for real estate. Bad news is bad for real estate.” It is really not any more complicated than that. Thank you Steve.