Industry News

NAR lowers expectations for home sales, prices

Forecast calls for 1.3% drop in median existing-home prices
Published on Jun 6, 2007

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by CareyBot

The National Association of Realtors again lowered its forecast for 2007 existing-home sales today, following a downward adjustment last month, and also lowered expectations for home prices. Existing-home sales are expected to fall 4.6 percent this year to 6.18 million, ...