Industry News

NAR forecasts big slide in new-home sales, starts

Median home prices expected to fall this year, rebound in '08
Published on Aug 8, 2007

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The National Association of Realtors expects new single-family home sales to fall 18.9 percent and single-family housing starts to plummet 23 percent this year from 2006 levels, according to the group’s latest forecast. The median price of new homes is ...