Housing Market Makes Soft Landing . . . . (more)
The high-flying housing market should make a safe landing by gradually losing altitude, the White House suggested Monday.
Housing has been an important source of power for the economy as home sales hit record highs in the past five years running. Low mortgage rates were a factor behind brisk housing activity.
"A gradual slowing of homebuilding appears more likely than a sharp drop because the elevated level of house prices will sustain homebuilding as a profitable enterprise for some time," according to President Bush's annual economic report to Congress.
The direction of the housing market is being closely watched. Most private analysts also are expecting gradual moderation. If the housing market were to collapse, it would pose grave dangers to the country's overall economic health.
More... http://www.planetrealtor.com/florida/news/daily/news.cfm?article=n2-02142006
Bradenton Real Estate . com
The high-flying housing market should make a safe landing by gradually losing altitude, the White House suggested Monday.
Housing has been an important source of power for the economy as home sales hit record highs in the past five years running. Low mortgage rates were a factor behind brisk housing activity.
"A gradual slowing of homebuilding appears more likely than a sharp drop because the elevated level of house prices will sustain homebuilding as a profitable enterprise for some time," according to President Bush's annual economic report to Congress.
The direction of the housing market is being closely watched. Most private analysts also are expecting gradual moderation. If the housing market were to collapse, it would pose grave dangers to the country's overall economic health.
More... http://www.planetrealtor.com/florida/news/daily/news.cfm?article=n2-02142006
Bradenton Real Estate . com
posted by Dan Forbes at
3:19 PM
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