Industry News

Realtor group expects 23% sales decline in ’07

Forecast: Median price of resale homes to rise 3.5%
Published on Oct 11, 2007

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California Association of Realtors economists expect a 23 percent decline in sales of previously owned single-family homes this year, with the median price rising 3.5 percent. In 2008, the median price is expected to drop 4 percent statewide, with sales ...