Home Prices Up But Stabilizing - 2004-01-13
Long Island's white-hot housing market may be catching its breath. Prices in Nassau County posted gains of 12 percent for the year-ended Dec. 31.
Kamer said that mortgage rates are likely to rise, which could cause mild declines for homes in the $650,000-plus market. She said demand for lower priced properties, around $350,000, is so strong that prices are unlikely to change.
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