12-13-2006, 09:10 PM
They've slowed, yes, but that is to be expected what with the rate it's been appreciating and for how long.
See, newrags like the NYT have been telling us how awful the economy is and they'll take every opportunity to bash the housing market when it takes it's inevitable dip.
Quote:“By the fourth quarter of 2007, existing-home sales will be 4.6 percent higher than the current quarter,” Mr. Lereah said, adding that about three-quarters of the country will see a sluggish expansion of existing-home sales next year.
In the last three months of 2005, homes were appreciating at a 12 percent rate, according to the Office of Federal Housing Enterprise Oversight. From July to September this year, home price appreciation had slowed to a 3.5 percent rate
See, newrags like the NYT have been telling us how awful the economy is and they'll take every opportunity to bash the housing market when it takes it's inevitable dip.