(Reuters) - The National Association of Realtors trimmed its sales forecast for the fifth straight month and also widened its predicted drop in existing home values.
Existing-home sales are seen at 6.11 million units this year, down from the 6.18 million units it predicted last month. Sales in 2007 will be the lowest since 2002 when 5.63 million existing homes were sold. Even with the decline, this year would rank as the fifth highest on record, the trade group said.
Read more at Reuters.com Bonds News
Existing-home sales are seen at 6.11 million units this year, down from the 6.18 million units it predicted last month. Sales in 2007 will be the lowest since 2002 when 5.63 million existing homes were sold. Even with the decline, this year would rank as the fifth highest on record, the trade group said.
Read more at Reuters.com Bonds News
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