Home Sales, Prices Will Continue To Slide, NAR Predicts

In its latest forecast for the real-estate market, the National Association of Realtors projected that existing home sales will fall 2.9% this year to 6.29 million, compared with its previous forecast of a 2.2% decline. The drop-off for new home sales is expected to be more severe. The NAR said new home sales are likely to fall 18% to 864,000, compared with the prior forecast of a 14% drop.

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