Industry News

NAR expects drop in home sales, prices

Median existing-home price expected to fall 1.4% this year
Published on Jul 11, 2007

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by CareyBot

Existing-home sales are expected to drop 5.7 percent this year, with the median existing-home price falling 1.4 percent to $218,800, the National Association of Realtors reported today in its latest forecast. And new single-family sales are expected to drop 17.7 ...