Industry News

Forecast: Steady sales to boost home prices in ’07

Builders will cut construction to offset inventory surplus
Published on Jan 10, 2007

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by CareyBot

After bottoming out in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turnaround by summer, bringing modest price increases, according to the latest forecast by the National Association ...