Tuesday, December 14, 2004

National Association of Realtors® (NAR) revises end of year housing prediction upward

A strong real estate market has NAR saying "Existing-home sales are expected to jump 7.9 percent to 6.58 million in 2004, well above last year's record." In addition, for 2005, NAR says "For 2005, NAR projects 6.38 million sales, which would be the second highest level on record."

Further, NAR has made it's forecast for additional influences on the real estate market, including home prices and interest rates. To read more, go here.

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