Nation Association of Realtors releases 2009 home sale projection - 01/06/09 11:14 AM
Smart Money.com reports on the National Association of REALTORS January 2009 monthly report. It projected existing-home sales at 4.90 million in 2008 and 5.22 million in 2009 compared to 5.65 million in 2007. Compared with the December 2008 report, the revised numbers are a mixed blessing.
There were 60,000 fewer houses sold in 2008 than projected, but the NAR Raised their 2009 forecast by 30,000 homes. Along with the slightly higher volume, there is a slight decrease in the 2008 median real estate price, reflecting the continued absorption of foreclosures and short-sales.
The NAR’s pending home sales index was designed to … (0 comments)

 
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Alison Moss - Cincinnati Real Estate

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