4/11/2006

Real estate slowing down

As I read this article I was slightly disappointed. I am probably in a similar situtation to most graduating students who are planning on selling their homes and moving in the next year. This article states that 2006 will be a slower year for real estate and the trend will continue. One of the reasons for this is that mortgage rates are expected to climb. Another fact I am not too happy about. I guess these are trends I and other students will have to live with.
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1 comment:

Dr. Tufte said...

-1 on Will's post for a sentence fragment.

Cole: all peoples' views of all markets depend on whether they are a buyer or a seller.

There is a tradeoff missed in these discussions. If you are going to benefit from rising prices, you will lose out on housing consumption you might have gotten in a cheaper market. This tends to smooth out the problems discussed in the article.

11:30 AM

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