Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Realtors Group Lowers Housing Forecast
Aug 13, 2007
 Printable format
 Email this Article
 Search

U.S. home sales will hit a five-year low this year, as wary lenders cut back on loans for many borrowers, a trade group for real estate agents said.

The National Association of Realtors' revised forecast calls for existing home sales of 6.04 million in 2007, down 6.8% from last year. The forecast was 1% lower, or 70,000 fewer homes, than July's prediction of 6.11 million. This year's sales would be the lowest since 2002, when sales hit 5.63 million. Last year's sales were 6.48 million. Next year, NAR expects sales to climb to 6.38 million, up slightly from the forecast it gave in July of 6.37 million.

Median nationwide existing-home prices are expected to fall by 1.2% to a median of US$219,300 this year, before climbing back next year to $223,600. Median new home prices are projected to fall 2.3% to $240,800 this year and then rise to $246,300 in 2008.

Back to Daily News

 

Daily News

...........................................................

Apr 22, 2014: Final Rule Establishes Refrigerator Testing

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

Apr 21, 2014: Final Commercial Refrigeration Rule Published

Apr 21, 2014: Elam Offers Android-Enabled Kitchen Interface

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows