Give it your best shot

On Tuesday, February 27, the National Association of Realtors releases its existing January home sales figures. Up or down on sales? Leave your guess below in the comment area of this blog post. The most accurate guess will receive a free pass to Real Estate Connect San Francisco. Let's compare month over month January 06 to January 07 and predict a percentage increase or decline in sales.

Some data to help your prediction:

* December results: Total existing-home sales – including single-family, townhomes, condominiums and co-ops – eased 0.8 percent to a seasonally adjusted annual rate of 6.22 million units in December from a level of 6.27 million in November. Sales were 7.9 percent lower than a 6.75 million-unit pace in December 2005

* Optimistic color on market from David Lereah, NAR’s chief economist, who "is looking for a steady rise in existing-home sales. “After reaching what appears to be the bottom in the fourth quarter of 2006, we expect existing-home sales to gradually rise all this year and well into 2008.”

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