NAR: 12.9% home-price drop in '09

Forecast anticipates 2% bump up in sales

National sales of resale homes are expected to rise 2 percent this year compared to 2009, with the national resale median price falling 12.9 percent, the National Association of Realtors reported Friday in its latest annual forecast.

The projected sales rise would be the first in two years, after a 12.8 percent drop in 2007 and a 13.1 percent drop in 2008, and NAR is projecting an additional 13.6 percent rise in existing-home sales in 2010.