During the rest of the year home sales will be lower as the market works its way through an inventory and price imbalance.  This was according to the National Association of Realtors. 

David Lereah, NAR's chief economist said the most obvious effect in the near term will be with home prices. "A year ago we had record home sales and tight supply with buyers bidding over the asking price," he said. "This year sales are slowing, homes are plentiful and sellers are negotiating. Under these conditions, we'll probably see prices dip temporarily below year-ago levels as the market works through a build up in housing inventory."

All of the different types of home loans that are available these days can puzzle many homebuyers. But virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.

With most fixed rate mortgages, your monthly principal and interest payment will not change for the term of the loan, regardless of whether interest rates rise or fall. In exchange for that stability, you may have a higher interest rate than you would with an adjustable rate loan. Fixed rate loans are available with different length terms and usually, the longer the term, the lower your monthly principal and interest payment will be.

The Real Estate Expo has pulled interested people in the door like a giant powerful magnet. Participating cities include: Dallas, San Francisco, Los Angeles, Atlanta, Minneapolis, Chicago, Anaheim, New York, Boston. They are accommodating anywhere from about 40,000 - to 60,000 attendees at each individual location.

The place was so crowded anthey were giving away FREE California land right there inside the Los Angeles Convention Center. It was a party atmosphere with all the excitement of a High School Pep Rally.

WASHINGTON - U.S. home prices continued to rise in the second quarter but showed the biggest slowdown in three decades.

Average home prices rose 1.17 percent in the April-June period, compared with 3.65 percent in the second quarter of 2005 — the biggest decline in price growth since OFHEO started keeping track of home prices in 1975, the new report showed.

COLLEGE STATION, Texas — As real estate sales continue to bloom more Texans are getting real estate license.  Despite the rush to sign up, there is still plenty of room for others.

Texas has 100,000 active real estate licensees. California has four times that number of active licensees. Florida has twice as many, and New York has 50 percent more.