WASHINGTON-- Economists for the National Association of Realtors (NRA) and for the National Association of Home Builders (NAHB) have forecasted a strong year for the housing market.
David Lereah, chief economist for the NAR, said he expects sales of existing homes in the range of 5.25 million to 5.35 million units for the year, possibly exceeding last year's record 5.30 million.