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Archive for May 14th, 2007

As of this morning we have a total of 1018 homes actively for sale. 758 are detached houses and 260 are condos and townhomes. Based on last month’s rate of sale that represents about a six and a half month inventory level. Here’s the breakdown:
The detached homes have been on the market on average of [...]

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We have a couple of economic reports due this week that could have an impact on mortgage rates; the core Consumer Price Index is due tomorrow and the Industrial Production report is due Wednesday. If either comes in below expectations we should see an easing of interest rates. If the CPI shows the economy powering [...]

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