Saturday, August 26, 2006
from the Housing Blog:
The National Association of Realtors reported Wednesday that sales of existing homes and condominiums dropped by 4.1 percent in July from June to a seasonally adjusted annual rate of 6.33 million. That was the lowest level since January 2004.
The Mortgage Bankers' Association reported another slight easing in mortgage rates, though as Calculated Risk noted, the stats look anemic in light of last year's performance. Still, rates are still tremendously low, and this might encourage shaky buyers to give it a whirl.