CNNMoney.com, Realtors slash home sales forecast
Thursday, September 07, 2006
Here is a great article.
-Nancy
Realtors slash home sales forecast
Potential buyers are waiting on the sidelines for better deals, real estate group says.
WASHINGTON (Reuters) -- Home sales will be a good deal weaker this year than earlier thought as potential buyers remain on the sidelines waiting for better deals, a national real estate group said Thursday.
The National Association of Realtors (NAR) said sales of existing homes were likely to drop 7.6 percent this year to 6.54 million. A month ago, the group thought existing homes sales would fall only 6.5 percent to 6.61 million.
