Two more articles ...
Hot housing market: everywhere
Home prices increased across the board between the second quarter of 2002 and 2003 -- a new record.
Article 1
Now that rates have been rising for five straight weeks, home prices are expected to soften, said Lawrence Yun, NAR senior economist. 'Rising interest rates should moderate home price growth,' he said.
Your home: Worst-case scenario
Will rising interest rates unravel all of the gains of the recent housing boom?
Article 2
Douglas Duncan, chief economist for the Mortgage Bankers Association of America, estimates that if 30-year fixed mortgages jump past the 7 percent mark, home prices will decline 3 percent to 5 percent.
Home prices increased across the board between the second quarter of 2002 and 2003 -- a new record.
Article 1
Now that rates have been rising for five straight weeks, home prices are expected to soften, said Lawrence Yun, NAR senior economist. 'Rising interest rates should moderate home price growth,' he said.
Your home: Worst-case scenario
Will rising interest rates unravel all of the gains of the recent housing boom?
Article 2
Douglas Duncan, chief economist for the Mortgage Bankers Association of America, estimates that if 30-year fixed mortgages jump past the 7 percent mark, home prices will decline 3 percent to 5 percent.
