On the Upswing?

Here's how the National Association of Realtors is feeling aboutthis market this morning: Provided employment figures keep rising, Lawrence Yun, NAR's chief economist, is predicting existing-home sales of 5.39 million this year and 5.66 million in 2011, compared to sales of 5.16 million in 2009, reports the Wall Street Journal. In terms of the NAR's track record for accuracy, that 5.39 million is lower than the NAR's earlier prediction of 5.69 million homes, but 2009 sales were higher than previous estimates. [WSJ]