college station: Has Real Estate Hit The Bottom in College Station,Texas?
- 08/04/09 04:03 AM
The experts believe the sales bottomed in January, but they believe the prices will continue to decline nationally 9% to 12% this year. Two negative indicators are the lack of end user demand and the swollen inventory to sales ratio. Mortgage finance is better than it was 8 months ago. the Mortgage Bankers Association Index of mortgage applications for home purchases is near 10 year lows and down 30%. There is about a 9 month supply of inventory; in a healthy market the supply would be about 6 months. Some experts quote a figure as high as 50% of … (11 comments)
The experts believe the sales bottomed in January, but they believe the prices will continue to decline nationally 9% to 12% this year. 
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