NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., believes that the trend of buyer activity will continue. "Traditionally there are far fewer buyers competing for properties at this time of the year, so serious buyers have a lot of opportunities during the winter months," he said. "Buyers will enjoy favorable affordability conditions into the new year, although mortgage rates are expected to gradually rise as 2011 progresses."
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Realty Times - Existing-Home Sales Rise
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