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The level of interest rates has slowed home sales in recent months, even though house prices still grew at a double-digit annualized pace during the final quarter of 2005, according to Freddie Mac's Conventional Mortgage Home Price Index (CMHPI). Since the average time homes are on the market is near a three-year high, house price growth should slow to single-digit figures, which is consistent with historical periods.
~ Frank Nothaft
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At twenty a man is full of fight and hope. He wants to reform the world. When he is seventy he still wants to reform the world, but he know he can't.
~ Rodney Dangerfield (November 22, 1921 - October 05, 2004)