The National Association of Realtors announced yesterday that existing-home sales are projected to show a slight increase in 2008, though many measures still indicate that housing is likely to remain weak for some time.Existing-home sales are likely to total 5.67 million this year, falling 12.5% from the 6.48 million total in 2006. But the NAR now projects that sales will rise to 5.70 million in 2008, a slightly more optimistic forecast than it gave in November.
Realtors: '08 Sales to Improve, but Slump Isn't Over
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