No Signs of a Slowdown in Real Estate

August 2006 Update

Reported by
NAR Chief Economist David Lereah expects U. S. home sales to hit another record high in 2005, with price gains slower, but still above historical norms. Mortgage rates will reach 6.1 percent by the end of the year and move to 6.5 percent by 2006, still an historical low. “Relative to inflation, home prices will continue to experience above-average returns in 2005,” he says.

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Steve Crossland

Steve is a Real Estate Blogger, UT Austin Grad, Real Estate Broker and owner of Crossland Team and Crossland Real Estate in Austin TX.

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