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Old 12-29-2005, 09:31 AM   #1 (permalink)
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Default C.a.r. Reports Sales Decrease 11.2 Percent In November

"While year-to-date sales in November were 1.7 percent above last year's pace, we are starting to see the 'soft landing' we have been expecting," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. "The year-to-year decline in sales is not surprising, given the market was so strong in November 2004. Additionally, rising mortgage interest rates, which have moved above 6 percent over the last few months, contributed to the slowdown in sales."

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Old 12-29-2005, 10:59 AM   #2 (permalink)
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Yes, I mean, I think that is obviuos that the market will naturally slow down as rates rise. On the other hand, becasue many seem to think that they will contiune to rise, people may want to buy sooner, rather than later!
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Old 01-04-2006, 09:36 PM   #3 (permalink)
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Hey, did you guys read that the Feds are finally done with raising interest rates. That's good news for real estate, stock market.
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Old 01-06-2006, 05:38 PM   #4 (permalink)
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That is good news, when did you hear it? I have been out of town, and shut off to the world!
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Old 01-10-2006, 05:28 PM   #5 (permalink)
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No I had not heard that?? Where do you read or hear about it? How could I have missed something so crucial!!!!
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