Chart 1. The title is "Home Sales in the South Leveled Off Even Though Interest Rates Continued to Fall."

A line chart showing new and existing home sales (in thousands, as a 12-month moving average) and 30-year fixed interest rates for the Southeast from June 2000 through June 2002. In June 2000, home sales were 2,408 thousand; in December 2000, 2,423 thousand; in January 2001, 2,492 thousand; in December 2001, 2,538 thousand; and in June 2002, 2,954 thousand. In June 2000, mortgage rates were 8.28 percent; in December 2000, 7.7 percent; in January 2001, 7.13 percent; in December 2001, 6.62 percent; and in June 2002, 6.79 percent.