Industry News

Realtor group forecasts 1.9% drop in U.S. resale home price

Sales of resale homes expected to fall 12.5% in 2007
Published on Dec 10, 2007

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by CareyBot

The subprime market collapse and credit crunch has dealt a blow to sales of previously owned homes, the National Association of Realtors reported in a press conference today. While sales of resale homes were on an annualized pace of 6.17 ...