NAR: Stimulus Plan Should Boost Home Sales
February 27, 2009 by Elad Bushari · 1 Comment
NAR estimates that the recently enacted economic stimulus plan, along with lower interest rates and other mortgage relief measures, could help trigger 900,000 additional home sales in 2009 compared to conditions without the stimulus package. The association also expects home inventory to fall below an 8-month supply by the end of the year.
