National Association of Realtors finds the Thorns in Their Rosy Home Sale Forecast

7 de junio de 2007

<body><div id="article"><tr><td height="23" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>National Association of Realtors finds the Thorns in Their Rosy Home Sale Forecast</h1><p>June 7, 2007 (LPAC)-- On Wednesday June 6, the National Association of Realtors announced that it was revising its forecast of home sales saying that the decline in U.S. home sales would be steeper than earlier forecasted. The NAR said that the sales of previously owned homes would tumble 4.6% to 6.18 million and the U.S. median home price will likely fall 1.3% to $219,100. A month ago the association said it expected 2007 home sales to decline 2.9%.</p><p>This lowering of the National Association of Realtors forecast of home sales was forecast by an article in the June 1 <em>Executive Intelligence Review</em> . The article was entitledThe article covered the fact that the John Burns Real Estate Consulting said in May that the housing collapse was worst than was being reported and they also said the National Association of Realtors was going to have to back off their all too rosy home sales forecast.</p></div></body>