National Association of Realtors® predicts strong home sales
The National Association of Realtors® (NAR) is forecasting strong home sales for the second half of 2005. Factors include housing needs as a result of Hurricane Katrina, and also buyers who want to purchase before an anticipated rise in interest rates.
For 2006, the NAR predicts that the real estate market activity may slow as interest rates rise, and also that price appreciation may also slow.
To read more about the NAR forecast: NAR home sale forecast for 2005 and 2006