BrokerageIndustry News

A real estate rise in the fall?

NAR CEO says sales could pick up in autumn months

Editor's note: The following is a roundup of news tidbits from the Real Estate Connect conference. SAN FRANCISCO -- It may be the traditionally slow spot on the real estate calendar, but National Association of Realtors CEO Dale Stinton says he's looking forward to fall.Stinton, appearing on a panel Thursday at the Real Estate Connect conference, said he agrees with NAR economist Lawrence Yun that the sales drop-off after the expiration of the homebuyer tax credit will endure for a couple more months, then purchases will regain some traction in autumn. "He thinks the job market is going to pick up and we'll finish the year in an 'average' state, with 5.5 million sales," he said. Stinton said the job growth will come as a "deferred effect" of federal economic stimulus actions; in addition, he said he believes the down-cycle has run its course. Regional rebound reportedIf there's one regional market that's looking up, it may be San Diego-La Jolla, Calif., said Bud ...