Home resales on the rise after mortgage rate drops - 2004-03-26
U.S. sales of previously owned homes climbed 2 percent in February after mortgage rates dropped from the month before, an industry report showed. But sales in Florida were much brisker and rose 18 percent in February.

Nationally, resales climbed to a 6.12 million annual rate last month from 6 million in January, the National Association of Realtors said in Washington. The pace of house purchases has held at or exceeded 6 million for eight months straight.
Read the full story at Sun-Sentinel

Strong Real Estate Market in California Causes Bidding Wars - 2004-03-26
Allison Irwin wasn't quite sure what to expect when she and her husband embarked on buying their first home in January.

Housing analysts say demand for homes remains unusually strong here and nationwide due to continuing low mortgage rates. A 30-year fixed-rate mortgage averaged 5.40 percent this week, down from 5.91 percent a year ago, reports Freddie Mac.
Read the full story at Builder Online