November 2006

NAR- Market projections looking positive


Our nation’s housing
markets have been in a slump since late last year. Existing-home sales are
projected to fall by about 9 percent this year. New home sales are expected to
fall by almost 17 percent. But take heart – the worst may be over. As we enter
the new year, further contraction in the housing industry may be limited. The
signs are out there – but you need to look.

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Mortgage Rates Dip

Average for 30 year fixed rate at 6.31

Source: MSNBC

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