The boom of five years in new and existing homes sales in the housing markets of many of the United States is expected to cool in 2006 but final results have yet to be the second best in history, as expected by economists Top industry. The score national average price of housing is also expected to slow from an unsustainable rate of 12.7% this year to around 5.0% next year.Existing home sales, an increase of 4.8% year, a record level of 7.11 million, is expected to decline by 3.5% to 6.86 million in 2006.

New home sales rise 8.0% to 1.3 million this year and is expected to decline by 4.6% to 1.97 million years next year. "We are preparing a record for the fifth consecutive year, sales of new and existing homes," said David Lereah, chief economist of the National Association of Realtors (NAR). "The market is coming off an explosion and five years of experience a soft landing next year. An upward trend in mortgage interest rates imply a slowdown in the pace of sales, but we expect the second year 2006 record.

Housing will continue to support the global economy. The market is in a transition period where you see a little 'slower but more sustainable pace of home sales. This will create a better balance between buyers and sellers. HOUSEHUNTER National "current market" survey took in the third quarter of this year, along with the industry's most recent projections. She noted that the current dynamics of the housing market is fueled by unprecedented demand buyers strong sales and appreciation in prices, employment and growth strong population and relatively low rates.

The survey also found that the guides take a little 'more for houses for sale and the inventory of unsold homes seems to be building, but in all the hottest markets. Another indicator of market forces and that 80% of home sellers are 95-100% of asking prices.Lereah commented: "The baby boomers remain in their peak earning years and their children, the echo boomers, are the times of life where people buy their first home. "His main concern about a different perspective of the market are rosy been the emergence of exotic loans without interest only mortgages and the threat to deduct home mortgage interest be eliminated or reduced by the tax reform legislation Congress.

Housing Industry News BriefsThe pending home sales index, a leading indicator of future home sales have slowed down a bit 'to a reading of 128.8 in September, but is still at its second highest level since its inception. An index of 100 is equal the average level of contract activity during 2001, according to NAR .* * * * It is estimated that three out of four buyers today use the Internet to find accommodation, and those who use the Internet are more likely to work with a real estate professional respect those who do not, said Cathy Whatley, NAR president a Yugoslavia.

"The Internet is more difficult for buyers face is negotiating a purchase agreement with the successful suppliers who often receive offers and more often than the list price and then bring the transaction to a successful conclusion. "* * * * The increase in mortgage interest rates have no impact on most homeowners in the United States, according to the Mortgage Bankers Association. The business research group showed that 35% of homeowners own their homes outright and 50% are fixed rate loans, refinancing with low rates for many in recent years, and 15% were variable rate loans.

Eight percent of the group properties are those with higher incomes. Therefore, concludes the MBA, only seven percent of all mortgages are susceptible to vote! MBA research also found that only 12.5% of homeowners spend 50% of household income on housing. Only 33% spend just over 30%. Over the past 12 months, the population of the United States grew from 2.9 million people. Between now and 2015, demand for new homes is on track for a total of almost 20 million units per, home mortgage new, year.

In 2030, there will be 80 million people living in more than SU Consequently, our housing needs will require an average of two million units per year is