New home sales to slide further, existing home sales to rebound in 2009
The Mortgage Bankers Association is predicting existing home sales to rebound by about 3% next year, while new home sales are expected to drop another 12%. The Association’s forecast is based on projections of negative economic growth for the next 6 to 8 months, unemployment rising as high as 7.7% (currently 6.1%) and Fixed [...]
October 22 2008, 12:29am | Original Link »
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