Chill in Housing Market Air

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002934-chill-in-housing-market-air/

Vera Gibbons of Kiplinger’s magazine talks to The Early Show co-anchor Julie Chen about the nationwide “cooling” of the housing market.

“Median prices are falling some, inventory is up, rents are up, mortgage applications are down and if you look around, you probably see more signs for open houses, something that wasn’t necessary just a couple of months ago. And more of those ‘price reduced’ signs as well, particularly in the luxury market.”

She cautions, however, that there is no need for a panic. Prices are merely settling down to a more reasonable level, rather than the extremely high highs we’ve been experiencing.

For this complete story, please visit Chill in housing market air.

Chill in Housing Market Air

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About