http://www.mortgagenewsdaily.com/7112006_Housing_Outlook.aspFreddie Mac issued its monthly "outlook" for the month of July as well as a round-up of the first half of 2006 . While the report still projects a housing market that is undergoing a "moderate and orderly cooling," a comparison to the January outlookenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/7112006_Housing_Outlook.asp#12219Tue, 29 Aug 2006 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:12219DanHard to believe that House Price Appreciation for 2006 will be +7%. Prices could fall by as much as 10%. Average national pay increases only 3.7% and 30 year mortgage rates rising to over 6.8%. Increased gasoline/energy, education, health care and food squeezing consumer. Investors pulled out of housing. Rising rates on variable notes causing houses to be dumped. July had over 7 month supply of existing houses. Real estate showings as a percentage of listings have dropped significantly.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=12219" width="1" height="1">