We are starting to see a little bit of a slowdown in the enthusiasm for housing as an investment.
Part of the purchasing decision for buying a house is an expectation of what housing prices are going to do in the future. It's true that houses are getting more and more expensive, but people are increasing their wealth in ways we haven't seen in a while.
Five percent on its own would be good news. That's a good rate of appreciation and reflects a strong housing market.
The onset of 2005 bodes well for the housing industry. Long-term mortgage rates are currently below six percent.
Lower figures for the recently released producer price index and consumer price index and lower, but still strong, gross domestic product, combined with the seasonal slowdown in the housing market, led to another decline in mortgage rates this week.
Lower figures for the recently released producer-price index and consumer- price index, and lower but still strong gross domestic product, combined with the seasonal slowdown in the housing market led to another decline in mortgage rates this week.