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But fueling that increase was a drop in prices. The S&P/Case-Shiller index of twenty major markets showed that home prices fell almost two and a half percent in January. Prices were down almost eleven percent from a year before.

And still another report this week showed that sales of new single-family houses fell in February. Sales were down almost two percent from January, to a thirteen-year low. The Commerce Department estimated there was a ten-month supply of newly built houses waiting to be sold.

Experts say prices in many markets will have to fall further before more people are willing or able to buy. Prices went up and up in recent years, before the housing bubble burst. Many buyers now struggling to make payments took out loans that were too big. They thought prices would keep rising and they could sell their home for a nice profit.

Rising values meant that people could also take out home equity loans and lines of credit. They used their home as a cash machine by borrowing against its value.

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本周, 全美房地产经纪人协会报道说,美国二月份成屋销售量增长了约百分之三。这是自七月以来的首次增长。

价格增长曾意味着房主可以从房屋净值贷款和信用贷款中取钱。人们一度把自己的房子当作是取款机，超过房子的价格来贷款

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