Just two months ago, on October 5th, the NAR prediction was for 6 million existing home sales in 2017 – they have backed it down to 5.5 million now.

Fannie, Freddie, and the MBA are predicting 6.2 million and higher, but the 5.5 million looks more realistic.  We have higher prices and rates – it would be a miracle for sales to increase too.

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