Saturday, October 21, 2006

CAR - "C.A.R.'s California Housing Market Forecast for 2007:
Cooling home sales, modest price decrease next year"
(10-18-06)

"The rate of home price appreciation will post a modest decline next year following several years of steep increases, while the sales pace will decrease as the market stabilizes throughout 2007, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) '2007 California Housing Market Forecast' released today. The forecast will be presented this afternoon during the California REALTOR® EXPO 2006 (www.realtorexpo.org), running from Oct. 17 – 19 at the Long Beach Convention Center in Long Beach, Calif. The trade show attracts more than 12,000 attendees and is the largest state real estate trade show in the nation."

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