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

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

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows