Monday, March 05, 2007

2007 Sales Likely to Be Down, But Prices Should Be Slightly Up

Local St George Real Estate Market - 2007
Here in St George, there has been a tangable pick-up, but it is not the huge pick up we, as realtors would have liked. But often momentum builds slowly. Feel free to browse the St George Utah Real Estate Market.

National Market - 2007
Nationally, NAR says it expects existing-home sales to rise gradually in 2007 with annual totals comparable to 2006, but new-home sales will continue to slide.

Strength in the service industry will help to keep the job market healthy. Economists expect year-to-year inflation to decline. They guess that the Fed will shift its focus from fighting inflation to helping the economy grow, lowering short term interest rates.

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