Tuesday, November 13, 2007

AND NOW FOR SOME GOOD NEWS...


According to the National Association of Realtors,

Markets like Austin, Salt Lake City and Raleigh have been outperforming recently and will continue to do well next year...

Conditions in the mortgage market are improving for consumers, which should help to release some pent up demand in early 2008...

There is a historically high level of home sales taking place this year...

One out of 16 American households is buying a home this year...

Home sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates and positive job gains...

With widely varying conditions, the best advice for consumers is to consult a REALTOR in their area to learn about local market conditions because supply and demand can change from one neighborhood to the next...

Additional cuts expected in the Fed funds rate will help to keep mortgage interest rates historically favorable.

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