Dwight Dively
Dwight Dively
estate far last market peak seen single slow stronger year
Last November, we thought that 2004 was going to be the peak year for real estate excise tax, ... We were forecasting that the market would slow down in '05 and then more in '06. What we've seen so far is that 2005 has been, every single month, substantially stronger than in 2004.
clearly continue headed record
We are clearly headed for a record year, ... It can't continue at this level.
decline expecting growth market number price revenue sales slow
We are expecting price growth to slow down, and the number of sales in the residential market will slow down, ... That's where we'll see the revenue decline somewhat.
forecast indication revenue
It's another indication of why I think this revenue forecast is very risky,