The National Association of Realtors® (N.A.R.) makes 2005 housing forecast
The National Association of Realtors® (N.A.R.) is predicting that across the United States, home sales will soften, yet prices will continue to rise. Currently the economic law of supply and demand is still showing more buyers than homes. N.A.R. is expecting this to come to a more equal level by the end of the year.
N.A.R.'s chief economist is also prediction interest rates will rise this year, and that home prices will continue to appreciate, yet at a slower rate than in past years.
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