Trouble from a Slowdown
Maybe.
WASHINGTON (AP) -- The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.
That's the assessment of economists, who concede they have been forecasting a cooldown in housing for some time only to be confounded as sales and prices continued to boom.
Sales have certainly been sizzling this year, putting the country on track for a fifth straight year of record purchases of new and existing homes.
Continue...
WASHINGTON (AP) -- The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.
That's the assessment of economists, who concede they have been forecasting a cooldown in housing for some time only to be confounded as sales and prices continued to boom.
Sales have certainly been sizzling this year, putting the country on track for a fifth straight year of record purchases of new and existing homes.
Continue...
posted by Little_Silvered at 9:23 PM
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