Monday, September 11, 2006

Home Sales Forecast plus Prices Expected to Decline

The National Association of Realtors® (NAR) predicts that "Home sales during the rest of the year will be lower than earlier projections as the market works its way through an inventory and price imbalance."

Calling it a "market correction", NAR's Chief Economist, David Lereah states "...we’ll probably see prices dip temporarily below year-ago levels as the market works through a build up in housing inventory>"

To read more: NAR Home Sales Forecast

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