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Kiplinger Predicts Home Sales To Hit 5 Million Mark in 2013

dennis-norman-realtorExisting home sales are expected to hit the 5 million mark in 2013, according to Kiplinger’s Economic Outlook published yesterday.  Kiplinger is predicting a 7.5 percent increase in existing home sales in 2013 over last years 4.65 million home sales.  According to the National Association of REALTORS, January’s existing home sales were at an annual pace of 4.92 million homes so assuming the pace gains a little steam through the year, we just may see 5 million existing homes sold this year. Kiplinger is predicting a jump of 36 percent in new home sales in 2013 with a projected 500,000 new homes expected to sell this year.

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