Regarding number seven

The final NAR prices are in.  And while it wasn’t as close as 2008, it wasn’t too far off, especially since prices did plunge below $165,000 in February before bouncing back.

“7. The national median existing-home price will not rise 4% from $172,600 to $179,500 as predicted by NAR’s lead economist Lawrence Yun, but will fall below 165k instead.”

From the article entitled 2010 weakest year for home sales since 1997The median price for a home sold in December was $168,800, down 1 percent from a year ago.


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