Tuesday, April 08, 2008

National Association of Realtors Predicts

The National Association of Realtors ("NAR") forecasts that "Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year."

Further, "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, slipped 1.9 percent to 84.6 from an upwardly revised reading of 86.2 in January, and was 21.4 percent lower than the February 2007 index of 107.6."

To read more: National Association of Realtors

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