Saturday, September 24, 2005

Forecast cooler for home sales

MENAFN - Middle East North Africa . Financial Network News: Forecast cooler for home sales: "--Affordability is low, prices are high and Alan Greenspan keeps raising interest rates.
It may not be a perfect storm, but the combination of factors is expected to slow price increases and home sales in California next year, according to the California Association of Realtors' 2006 Housing Market Forecast released Thursday.
The state's median home price will increase 10 percent to $575,500 in 2006, compared with a projected median of $523,150 this year"
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