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2 Cities Will Try to Mediate Dispute  read more...


Sexy! Fetching!! Fabulous!!!    Maybe all you're looking for in a house is four bedrooms and a garage, with a sound roof at the right price. Plenty of people would like to sell


Mortgage lending rises in December -BBA (Reuters via Yahoo! UK & Ireland Finance)  Underlying net mortgage lending rose 5.8 billion pounds in December, the British Bankers' Association said on Friday, suggesting higher borrowing costs may be starting to weigh on the housing market.read


Federal Reserve Cites Declines In Housing For Holding Rates  The Fed left rates unchanged at 5.25% and warned that it remains concerned about inflation, making it more likely to raise than lower rates in the future.read more...


Mortgage lending: Cost of borrowing keeps rising (Guardian Unlimited)  New borrowers hit with rising mortgage rates, the Bank of England saysread more...


Interest Rate Squeeze  The Boston Globe is reporting Some squeezed as interest rises, home values sag .read more...

December 23rd, 2005

New home sales suffer worst drop since 1994, Fri., Dec. 23, 2005,

The U.S. housing boom may be over. The year 2005 will go down in the record books as a record, but traders must look what happened to this market after mortgage rates rose in July.

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