Housing market cooled during first half of 2006.(RBS Greenwich Capital)(Brief article)

Mortgage Banking | September 1, 2006 | Copyright

Following five years of unprecedented growth, home sales cooled noticeably in the first half of 2006, with signs of the slowdown across all segments of the housing market and in all regions of the country, noted RBS Greenwich Capital, Greenwich, Connecticut.

The RBS report, U.S. Housing Market: The Slowdown Unfolds, found that formerly "frothy" markets, such as Florida and California, seem to have posted the worst performances in the first six months of this year, as a combination of higher mortgage rates, a lessening of speculative activity and a sharp rise in the ...

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