Executive Briefcase: Dow Hits New Record

November 1, 2006
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Evidence is mounting that the red-hot housing market reached a peak last summer, with sales and construction activity beginning to slow even more than would normally be expected this time of year. But so far industry analysts expect only a modest decline in activity in 2006 and say prices should continue to rise in most markets, although not at the double-digit rates of recent years. Economists believe cooling in the housing market will extend into next year and many forecasters predict no change-or an outright decline-in home prices next year.
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