If the air is leaving the housing bubble, The National Association of Realtors still sees it leaving home sales at sustainable levels.
The National Association of Realtors, in a statement released on Tuesday, said that housing sales and prices in 2006 will remain strong but will not achieve the record levels of 2005.
Sales of existing homes are expect to drop to 6.74 million this year, a decline of 4.7 percent from the record high 7.07 million in 2005. New home sales will be down 8.5 percent to 1.17 million, setting yet another 2005 record of 1.28 million. While sales will decline, it is still expecte... Read More Now
[via MortgageNewsDaily.com]
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