National Association of Realtors Reports on 3rd Quarter Housing

The National Association of Realtors has released their report for the third quarter of 2006, and the numbers support the real estate market transition felt nationwide.

Existing home sales were down 12.7% from a year ago, yet some states experienced an increase in sales activity, with the largest sales increase occurring in North Carolina.

The median existing home price is $224,900, representing a 1.2% decrease over the same number one year ago.

To read more:

http://www.realtor.org/press_room/news_releases/2006/mhp_2006q3_sales_confirm_market_transition.html

Freddie Mac Introduces New Loan Limits


http://www.freddiemac.com/news/archives/singlefamily/2006/20061128_loanlimits.html