Industry News

NAR: New-home sales to drop 24% this year

Forecast calls for 1.7% slide in resale home price
Published on Sep 11, 2007

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by CareyBot

The National Association of Realtors has lowered expectations for 2007 home sales, according to the group’s latest forecast report. Existing-home sales are expected to drop 8.6 percent this year compared to 2006, with new single-family home sales and housing starts ...