Recently Received Information From The National Association of Realtors

"One of Every 16 Americans is Buying a Home This Year

Conditions in the mortgage market are improving for consumers, which should help release pent-up demand in early 2008, according to the NAR's latest forecast. Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages. NAR Vice President of Research, Dr. Lawrence Yun noted that 2007 will be the fifth highest year on record for existing-home sales. One out of 16 American households is buying a home this year. Yun said markets like Austin, Salt Lake City and Raleigh are performing well. Look for Denver and Wichita to join the pack of strong performers."