Demand is down, but it's not going away

September 2008
Furniture/Today;9/8/2008 Design Today Supplement, p9
Trade Publication
The article reports on the drop of vacation home sale in the U.S., in which 30.6% sales drop was recorded in 2007. According to ational Association of Realtors (NAR) chief economist Lawrence Yun, the decrease of sales were caused by uncertain periods which tempt buyers to pull back their investments and the disruption of mortgage market which affects the credit unions. Furthermore, the results of the survey conducted by NAR are also provided.


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