Unemployment/Inflation Predictions For 2007

Forecasts are in that the unemployment rate will increase by .2 percent in 2007. The average was estimated at 4.6 percent for this year.

Many say that this slight an increase will not play a major role in the real estate market.

Numbers are expected to decrease for new-home sales, but existing home sales are expected to soar.

Consumer Price Index has predicted that inflation will be down by more than a point next year.

Current numbers for 2006 show inflation at 3.4 percent while numbers for 2007 will look more like 2.3 percent. However inflation adjusted disposable personal income is said to increase by nearly 3 percent next year.