Existing-home sales are projected to drop 6 percent to 6.65 million this year from a record 7.08 million in 2005, according to the latest annual forecast by the National Association of Realtors trade group.
Keep in mind, we have been on record setting pace the past five years, so it really can only go down based on the state of the economy. So, keep your collective chins up.
Dave Myers of Inamn news wrote:"In Chicago, values are expected to rise between 5 percent and 10 percent this year as the area's diversified economy continues churning out jobs at a steady rate." [See "Midwest Rocks" blog for full story]
Chins up!!!
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