Bloomberg (03/24/08); Schlisserman, Courtney
The National Association of Realtors is set to release its report on February's existing-home sales today, and economists polled by Bloomberg News are anticipating a drop in volume of 0.8 percent. That number would peg sales at an annualized rate of 4.85 million units--the lowest level since NAR began keeping track of the data in 1999. "We expect both purchasing activity and pricing to fall for the remainder of the year," said IDEAglobal Inc. chief U.S. economist Joseph Brusuelas.
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