Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.


Daily Real Estate News  |  May 24, 2010  |   Survey: Economy Improving, Housing Lags
Business is picking up steam after nearly one year of economic recovery, says a forecast released Monday by the National Association for Business Economics.

The survey concluded that:
  • Unemployment will fall to 9.4 percent by year’s end and shrink to 8.5 percent by the end of 2011.
  • Inflation is expected to remain low for the next year or two, but climb within five years.
  • Real domestic product is expected to rise 3.1 percent in 2010 and go up another 3.2 percent in 2011.
  • Based on the decline in applications for permits to build new homes, analysts expect housing to remain a weak point.

Source: Associated Press, Dave Carpenter (05/24/2010)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!