TODAY'S TOP STORY
Associated Press
WASHINGTON – A trade group for real estate agents predicted
Tuesday that the pace of U.S. home sales will pick up significantly in the second half of 2008, bringing total sales for the year marginally higher than in 2007.
AP
Stocks initially rose after the housing report.
The monthly forecast from the National Association of Realtors, calls for U.S. existing home sales to increase 0.7 percent this year to 5.7 million, up from a projected 5.66 million last year.
Final results for U.S. home sales in 2007 are expected to be down 12.7 percent from 6.48 million in 2006,
the Realtors group said.
The Realtors group's forecast for 2008 was unchanged from last month. The trade group also forecast 5.91 million home sales in 2009. up to 5.70 million this year and 5.91 million in 2009.
Full story
| MORE HEADLINES | | TOMORROW Good
leadership is the stuff of countless courses, workshops, books and articles. But the distinctions among followers in groups and organizations are every bit as consequential. Read more in tomorrow's Business section. |
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