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Record Year For The Nation, All Regions And The State Of
Wisconsin
Date: February 23, 2006
For More Information Contact: David E. Clark, Economist
C3 Statistical Solutions Inc.
Office phone: 414-803-6537
Madison - Contrary to expectations of a slowing housing
market, 2005 turned out to be a record year for existing home
sales in the U.S., as well as all four regions in the nation and
the state of Wisconsin, according to a recent analysis of
existing home sales conducted by the Wisconsin REALTORSŪ
Association (WRA). "A combination of low mortgage rates, and a
strengthening national economy contributed to the record-setting
pace nationwide," said WRA President William Malkasian. While
the Federal Reserve continues to raise short-term interest
rates, long-term rates have only increased about 0.7 percent
since June. "Thirty-year fixed mortgage rates in the
neighborhood of 6 percent to 6.3 percent for the year, in
conjunction with a national unemployment rate below 5 percent
has created ideal conditions for strong home sales throughout
the nation," said Malkasian.
More ...
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Q4 comparison from 2004 and 2005 Spreadsheet
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