NAR Sees Housing Sales Easing Through 2006

Ackerman, Andrew
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p2
Trade Publication
The article reports on the projected soft movement of the housing market throughout the rest of 2006 as predicted by the U.S. National Association of Realtors (NAR). David Lereah, NAR chief economist, stated that home prices will start to stabilize as the market cools. Although the NAR expects a slight decline in home sales in 2006, it would still rank the third highest in the industry's history. NAR President Thomas M. Stevens stressed that the period of aberrant price increases has waned.


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