After five years of sizzling growth, U.S. home price appreciation is showing signs of cooling. Pending home sales -- a leading market indicator -- are down from a year ago, according to the National Association of Realtors. In many of the nation's hottest markets, brokers also are reporting a growing gap between sellers' asking prices and what purchasers are willing to pay.
Sunday, February 12, 2006
As real estate market cools, 'buys' return
By Joanna Glasner • Bankrate.com
After five years of sizzling growth, U.S. home price appreciation is showing signs of cooling. Pending home sales -- a leading market indicator -- are down from a year ago, according to the National Association of Realtors. In many of the nation's hottest markets, brokers also are reporting a growing gap between sellers' asking prices and what purchasers are willing to pay.
After five years of sizzling growth, U.S. home price appreciation is showing signs of cooling. Pending home sales -- a leading market indicator -- are down from a year ago, according to the National Association of Realtors. In many of the nation's hottest markets, brokers also are reporting a growing gap between sellers' asking prices and what purchasers are willing to pay.
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