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Realtors Predicting Good Year
The 1979 outlook from the National Association of Realtors expects a strong housing market with about 4 million existing homes sold and 1.75 million new units started. Prices may rise 10 to 11 percent with median values around 55 000 for existing homes and 64 000 for new ones, while rates could exceed 11 percent in hot markets. The report emphasizes record dollar volume in single family home transactions and a large resale market contributing most to that total.
MENTIONED IN THIS ARTICLE
New York
National Association of Realtors
HERP
Sun Belt