CAR's predictions for 2006 Housing Market
The California Association of Realtors has made it's prediction for next year's housing market. As the title of the article states - "Moderate price increase, slight cooling in home sales next year".
CAR is predicting a 10% appreciation in home prices for 2006, and also predicts the interest rate on a 30 year fixed mortgage will go to 6.4%. CAR is also predicting record home sales for California.
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