How is the real estate market where you are? 

USA Today reported August 8, 2007 that existing-home sales in the U.S. should hit a pace of 6.04 million units this year, down from the 6.11 million units the National Association of REALTORS (NAR) predicted last month.

The NAR trimmed its sales forecast for the sixth straight month, but scaled back its predicted drop in existing home values across the country.

According to a NAR press release, existing-home prices should slip by 1.2 percent, in 2007 before rising 2 percent next year. The median new-home price is predicted to fall 2.3 percent in 2007, and then rise 2.3 percent  in 2008.

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Read The NAR Press Release