NAR cutting their sales forecast ... again
The group's 2007 forecast peaked at 6.44 million units in February. It then dropped to 6.42 million in March, 6.34 million in April, 6.29 million in May, 6.18 million in June, and now, 6.11 million in this just-released outlook. 2008 sales are now expected to be 6.37 million. That forecast has been cut four months in a row.