NAR: Home Prices To Recover As Inventories Fall

July 2007
Bond Buyer;7/12/2007, Vol. 361 Issue 32669, p2
Trade Publication
The article reports on the 2008 forecast for house prices by the National Association of Realtors (NAR) in the U.S. According to NAR, home prices are expected to recover in 2008 with existing-home sales picking this 2007 and new-home sales increasing early in 2008. Existing home sales are expected to total 6.11 million this year and 6.37 million in 2008. New-home sales are also expected at 865,000 in 2007 and 878,000 next year, compared with the 1.05 million in 2006.


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