Here are some facts, predictions and bits of information I have stumbled across the past couple of days while catching up on my reading. You may or may not find them interesting but you just might be surprised. The National Association of Realtors (NAR) predicts existing home sales of 5.02 million in 2008, 5.32 million in 2009 and 6.2 million in 2010. (Optimism, I love it! All I want is 53 of those closings next year.) Texas is one of the major states still posting home price increases. (Does buy low and sell high ring a bell?) U.S. foreclosures are up 27% YTD in 2008 while Texas is down 18% YTD 2008. (Our foreclosure boom is over if it ever got here.) NAR predicts 30-year fixed rate mortgages to average 6.2% in the fourth quarter of 2008, rise to 6.5% during the second half of 2009 an...
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