NAR: Tax-credit expiration to steal wind from real estate sales

Existing-home sales expected to rise 4.3% in 2010

The National Association of Realtors has lowered expectations for sales of U.S. resale homes in 2010, according to its latest forecast report, released Tuesday — but sales are still expected to rise this year compared to 2009.

Sales of previously owned homes are expected to rise 4.3 percent in 2010, which represents a decline from an earlier forecast of 6.5 percent, released last month April.