Where are house prices going in your town? - 2004-01-02
Home-sales records have been broken over the past three years. But economists predict the trend's end in 2004, together with a moderating of the stunning price increases across the country. Then again, they predicted as much for 2001, 2002 and 2003.

Certainly other economic factors won't slow the trend. Mortgage rates are expected to stay attractive at below 7%, the economy is picking up steam, and unemployment is dipping at last.
Read the full story at CNBC

California Realtors Forecast Healthy Market in 2004 - 2004-01-02
Increases in residential real estate values will remain strong next year with the median price of a previously owned home jumping 13 percent to a record $417,500 even as sales slow, said a forecast released Tuesday.

And as long as interest rates remain in the 6 percent to 7 percent range, as they are expected to do, most buyers will opt for fixed-rate loans.
The use of adjustable-rate mortgages will continue to climb, though.
Read the full story at Miami Herald