NAR Revises Year-End Forecast Upward

Newman, Emily
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p2
Trade Publication
The article focuses on the National Association of Realtors (NAR) in Washington which upwardly revised its year-end forecast from its most recent projections in November 2004. Existing-home sales are expected to climb 7.9% from 2003's figures to 6.58 million in 2004, surpassing the previous record reached last year. That is higher than the 6.55 million projected in November 2004. For 2005, NAR projects 6.38 million sales, which would be the second highest level on record. The national median existing-home sales price is now projected to rise 7.4% to $182,500 for the year, while the median new-home price should increase 10.0% compared to last year, to $214,600.


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