I thought I’d share an interesting note released by NAR this week—projections for 2009. NAR Chief Economist Lawrence Yun “expects growth in the U.S. gross domestic product (GDP) to contract for two consecutive quarters, in the fourth quarter of this year and the first quarter of 2009, before expanding in the latter part of 2009 as the housing market begins a steady improvement.” This is a good sign for all of us and for buyers. If they are thinking about staying in a home even for just a few years, now may be the perfect time...possibly the best buyer’s market of our generation. At this week's Realtors' meeting, we'll have our annual predictions by a feng shui master. I wonder if he'll make the same forecast?
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