Auction & Foreclosure Insight
Real Estate Outlook: Predicting the Stock Market's Affect on Housing
With the unprecedented shocks on Wall Street and the financial sector still pulsing through the national economy, it's difficult to predict just how all this will ultimately affect real estate.
But so far at least, Wall Street's troubles aren't creating immediate problems for home buyers, sellers and real estate professionals. In fact, conditions actually appear to be improving.
Take the mortgage market: Rates continued to drop last week and applications for new mortgages were up sharply -- by 33 percent.
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