2006 will bring cooling sales in real estate

Housing market to achieve 'balance,' says Realtor group

Inman News

In its forecast for 2006, the National Association of Realtors trade group states that the "key word for the housing market...is balance, with a return to a more normal rate of price growth."

David Lereah, NAR's chief economist, said in a statement that "cooling sales are necessary for the long-term health of this vital sector," and a "modest slowdown in home sales, coupled with improvements in housing inventory, means the market is in the pr

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