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Liz Warren

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Market Forcast

by Liz Warren

November 3, 2006

 

MARKET CONDITIONS

 

THE NATIONAL ASSOCIATION OF REALTORS

REPORTED THAT RESALE PRICES SLIPPED TO

$220,000 ON MEDIAN HOME SALES.    THIS SLIDE

IS 14.2% LOWER THAN A YEAR EARLIER.

 

NATIONAL HOUSING MARKET OUTLOOK

 

Fixed mortgage rates

6.3% to 6.4% for the rest of 2006

6.7% by the end of 2007

6.8% by the end of 2008

 

SALES OF EXISTING HOUSES

Down 9% for 2006 over 2005

Down 8% for 2007

 

SALES OF NEW HOUSES

Down 18% for 2006 over 2005

Down 8% for 2007

 

Appreciation of existing houses 2.5% for 2006

Source: Mortgage Bankers Assoc., Oct. 24 forecast

Upcoming Mountain Events

by Liz Warren

The 18th Annual Wine & Arts Festival at The Resort at The Mountain is the perfect setting for visitors to explore the works of local artists while tasting libations from Oregon's best wineries and microbreweries. Held November 11-12, the festival is the perfect excuse to start your holiday shopping, or just to escape to the mountain for a weekend.

Displaying blog entries 1311-1312 of 1312

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090