The National Association of Realtors has released a forecast for home sales into 2009. They predict that home sales will still be down during the first quarter of 2008. It is predicted that homes sales will be approx. 6 million units in the first quarter of 2008.

The second quarter of 2008 is predicted to be better than the first. The NAR predicts that home sales will pick up the second quarter to approx. 6.25 million units. Then the third and the fourth quarter will be better than the second. The NAR has the last two quarters of 2008 forecast at 6.5 million home sales.

It seems like towards the end of this year the housing market should pick up. For market reports about the Cabot Arkansas area, click on the link. I give in-depth market reports for the area about different price ranges. Check it out if you are interested in Cabot Arkansas real estate.

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