Thursday, March 02, 2006

The Nations Housing Market

On the MSN website there is a report today on the nations housing market entitled: HOME SALES COOL OFF - PRICES DON'T. The article states: Condo sales down sharply, new and existing homes sitting longer as well. Inventory is the highest since 1998.

It's unanimus: The housing market is cooling quickly.

A spate of reports this week show sales of existing homes were slower in January then they have been in two years. New homes sold are at their slowest pace in two years. And the number of homes sitting on the market hit a high not seen since 1998.

The good news is that prices are still remaining strong and most parts of the country have seen an increase in appreciation.

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