Oct. 10, 2007 - Home Sales, New And Existing, To Reach New Lows
Meanwhile, the NAR expects existing homes to fall 11 percent this year to a five-year low. The trade group also expects new and existing home prices to drop in 2007. The median new home price may decline 2.1 percent to $241,400 and the median existing home price will drop 1.3 percent to $219,000.