Existing Home Sales for November
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Existing Home Sales Up 5.6 Percent Sequentially in November Compared to October, But Down 27.9 Percent From November 2009 — Price Essentially Flat
Sales have returned to the level that existed prior to the $8,000 homebuyer tax credit. Prices remain flat. See complete NAR press release below the graphs.
My current forecast is for 4.905 million existing home sales next year.