Tuesday, September 06, 2005

Is the housing market cooling off?

If you read some of the news, the answer is a definite "maybe".

The Associated Press reports that there are signs of a slowdown, even with strong sales and continued rising prices. The number of existing homes sold in July was down nationwide, and the demand for mortgages has also declined.

The article states "But analysts are forecasting that housing sales will begin to decline from record levels by the end of this year and into 2006. The slowing sales pace is expected to end the super-sized price gains many parts of the country have experienced."

To read more, including "advice from housing experts on what people should consider in the current environment", go here.

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