Wednesday, July 19, 2006

National Association of Realtors expects home sales to stabilize

The National Association of Realtors is forecasting "Existing-home sales are expected to decline 6.7 percent to 6.60 million in 2006 from 7.08 million last year...The national median existing-home price for all housing types is expected to rise 5.3 percent to $231,300 in 2006. With more construction in lower cost regions as well as price incentives that are helping to clear unsold inventory, the median new-home price should increase 1.0 percent this year to $243,300."

Homes sales expected to stabilize

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