February 25, 2006

Another Cool Forecast

Prediction for Norwich New London Home Sales

A recent article on CNN Money, citing a forecast by Fiserv Lending Solutions, is predicting stagnation in housing prices for most of the United States in 2006. In many major markets, including recent hot spot Las Vegas, the study predicts a drop of over 8% in home prices. For the Norwich/New London area, the prediction is for only an increase of .4% in 2006. Considering the wildly increasing prices of the past few years, this is not unexpected as the area market was getting almost too hot not to cool down.

Find the story here.

by Linda Davis, RE/MAX Realty Group

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