Interest Rate Roundup

Wednesday, October 10, 2007

What do you know? Another lowered sales forecast

Guess what: The National Association of Realtors has released another lowered home sales forecast. Shocker! The group is now forecasting sales of 5.79 million units this year. 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, 6.11 million in July, 6.04 million in August, and 5.92 million in September.

What about 2008? That forecast was cut ... again ... to 6.12 million from 6.27 million last month and 6.38 million the month before that.


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