Friday, December 09, 2005

Real Estate Investors Slowing Down.......

One true sign that the market is slowing down is the increased number of real estate investors pulling the plug on new housing projects. Two well known sources made comments this week on the real estate investor outlook:

David Berson, Chief Economist at Fannie Mae stated "Homes sales may fall 10.4% over the next few years due to a drop in the number of investors and second home purchases."

The National Association of Home Builders reported "Even interest in condo development has waned ............"goes on to say, "condo development cancellation rates have been rising"


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