More and more developers are canceling or delaying condominium projects as home sales slow, construction costs soar and lenders balk at financing units that might not sell.
Real Estate News – August 2006
Our August 2006 Newsletter is now up.
Fall of Mortgage Rates
Mortgage rates are headed into hibernation until the next Federal Reserve rate-setting meeting.
New Home Sales Fall
WASHINGTON (Reuters)
Mortgage Rates Take a Tumble
Mortgage rates retreated from a two-year high this week, brought down by signs that the economy is cooling, as reported by Freddie Mac.
Real Estate Now Officially a ‘Buyer’s Market’
It’s official – even the nation’s leading group of real estate agents now says it’s a buyer’s market in housing, as a soaring supply of homes for sale means nearly flat prices and longer waits for sellers.
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