New Jersey Real Estate Digest: Opportunity's At the Window

Thursday, August 24, 2006

Opportunity's At the Window

Housing sales continue slide

While it is true housing sale continue to slide and there is an increase in the incentives and terms that sellers and builders are offering buyers and

Indexes extend losses

the stock market is showing concern over the speed of the housing slump houses are continuing to sell.

Mortgage rates fall for 5th week

It looks like there is a window of opportunity opening for buyers now that interest rates have fallen for the fifth week. How long the window will be open or how wide it will get is anybody’s guess. We just have to hope the Fed's economists don’t run scared and shut the window too soon. Still it is a fine economic lesson for those of us watching predictions and interdependences that make up our economic system.