National Association of Realtors makes predictions
The chief economist for the National Association of Realtors (NAR) is predicting "... steady rise in existing-home sales." NAR's outlook is positive: "Existing-home sales, after reaching the third highest total on record, 6.48 million in 2006, are forecast at 6.44 million in 2007 and 6.64 million next year. New-home sales, following a fourth-best 1.06 million in 2006, are projected to decline to 961,000 this year and then rise to 971,000 in 2008."
To read more: NAR Existing Home Sales Predictions