Home buyers take note. Raw sales volume is rising and available inventory is dropping. Basic supply-and-demand tells us that this will lead home prices higher. Furthermore, mortgage rates are rising quickly, increasing the cost of homeownership. If buying a home is a part of your plan for 2011, consider accelerating your purchase time frame.
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U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing market was struggling to. A real estate sign advertising a home "Under Contract" is pictured in. according to data from mortgage finance agency Freddie Mac.
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