Industry News

NAR expects home sales to drop in ’07, rebound in ’08

Forecast calls for dip in median resale home prices this year
Published on Apr 11, 2007

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by CareyBot

The National Association of Realtors expects an 18.3 percent drop in housing starts, a 13.9 percent drop in new-home sales and a 2.2 percent decline in existing-home sales this year compared to 2006, according to the trade group’s latest forecast. ...

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