MINOR Slowdown In Real Estate Market...

The Phoenix Business Journal reports that the Greater Phoenix real estate market is not expected to undergo major changes through next year, according to a survey of experts in the Greater Phoenix Blue Chip Economic Forecast. The Blue Chip calls for new home permits to fall nearly 8% this year. "Even if the projected decline were to take place, 2005 would be the second-best year on record," said Elliott Pollack of the Blue Chip. Pollack sees a "minor decline" in new home permits for 2006. "However, this would also be an excellent year," he added. More...