Thursday, January 08, 2004

Real estate market expected to be a little softer in 2004

The National Association of Realtors has announced that they expect the real estate activity for 2004 will not match the record activity of 2003. In their press release, the National Association of Realtors also states that it expects the 30 year fixed-rate mortgage to average 6.5% in 2004, which is a slight raise over the low of 5.8% in 2003. There have been three record years for real estate home sales up until now.

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