Real estate price gains expected to reach double digits

Since the majority of what you get to read in the media lately is focused on the hypothetical doom-and-gloom, how about I print some of the positive stories that aren't getting any play elsewhere?

Inman News has an article today discussing figures from the National Association of Realtors, showing positive gains in both existing and new home values for 2005.

Says NAR President Al Mansell, "Because there is such a tight supply of homes available for sale, we’re now projecting the national median existing-home price this year to rise at a double-digit rate..."

There is also a link in this article to the NAR's annual forecast with lots of raw data for the numbers-obsessed among you.