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Home > Real Estate > Archives > 2006 > December > 11

Monday, December 11, 2006

And you thought 2006 was a slow year

By Jeff Ostrowski | Monday, December 11, 2006, 01:15 PM

The National Association of Realtors expects 2007 to be another sluggish year for home sales and home prices.

In a forecast out today, NAR predicts ‘07 home sales will fall 1 percent, following an 8.6 percent decline for ‘06.

And NAR predicts existing home prices will rise by 1.0 percent in 2007, following 2006’s 1.6 percent appreciation

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