Here's some good news on this cold January day.
Looking ahead to 2011, NAR projects existing-home sales to rise 8 percent to 5.2 million by the end of the year from 4.8 million in 2010, with an additional gain of 4 percent in 2012. The median existing-home price is expected to edge up 0.6 percent to $173,700 in 2011 from $172,700 in 2010, which was unchanged from 2009.
NAR projects that new-home sales will rise 24 percent in 2011 to 392,000, well below historic averages, while housing starts are expected to rise 21 percent to 716,000. Thu, Dec 30, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment