Ericka Dreyer - Sunset Lakes Real Estate, Miramar, Florida 33029

Ericka Dreyer is a Realtor with Realty World South Florida, specializing in the communities of Sunset Lakes, Miramar, Weston, Pembroke Pines and Southwest Ranches. Contact her at e-mail protected from spam bots, or 954-647-8989. Website www.ErickaMyRealtor.com

Wednesday, August 09, 2006

High-flying housing market hitting some turbulence: South Florida Sun-Sentinel

High-flying housing market hitting some turbulence: South Florida Sun-Sentinel: "WASHINGTON -- The ``For Sale'' signs are staying out longer. House prices are easing as sellers try to lure in buyers.

The big question now: Will the nation's five-year housing boom turn into a devastating bust that could derail the overall economy?

``We recognize the risk ... and we are watching it very carefully,'' Federal Reserve Chairman Ben Bernanke told Congress recently.

The Fed's interest rate increases, which have helped push mortgage rates to the highest levels in more than four years, are putting a damper on housing."

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