The NAR is set to release existing home sales today for July. The prediction is 4.91 million. In June there were 4.86 million sold. I wonder how close they will be and what the average price will be? I am sure it will be down considerably. Has anyone noticed that mortgage rates are higher than they should be? I guess this is due to increased risk of loan default.
Gibbs Realty and Auction Company - Columbia, SC
Rates will continue to float upwards until October when home sale float downward. Usually does that this time of the year. I say sales were down on homes.
Aug 24, 2008 11:33 PM
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!
Hi John if our area is any indication of the National trends...it should be down 2% from June figures. Nice market update John.
Aug 25, 2008 01:01 AM
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
One thing about NAR is their ability to play it up real big, and revise it in a few months. A few months back they shared the numbers would be in the 5 million range this year.
Aug 25, 2008 01:04 AM
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