Last week we saw mortgage interest rates drift downward. All the economic indicators are projecting slow growth with consumer confidence increasing in parallel with the growth. The unemployment rate remains at around 6.5% which is still less than full employment. Some key indicators for the real estate market are that housing starts and existing home sales are up and have been trending that way. With mortgage rates remaining low real estate investment should continue to increase. See current information at the Wall Street Journal Market Data page.
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