This week the national Association of Realtors asosiation of – reported that sales sells of exsiting homes in the united states increased almost 3 percent in February febrary. It was the first increase since last july but fueling few bad increased was a drop in prices. The S&P/Case-Shiller case index of 20 major markets showed the homes price fell almost two and a half percent in January janurary. Price were down almost 11percent from a year before. And still another report thies week showed that sales sells of new single-family houses fell in february. Sales wereSells will down almost two percent from January janurary to a thirteen year low. The Commerce commonest apartment estimated ex—there was a ten-month supply of newly built houses of people were waiting to be sold. Experts say prices in many markets will have to fall further before more people are willing or able to buy. Price went up and up in recent years before the housing –bubble burst borned. Many buyers now struggling strongly to make payments took out loans the rooms were too big. They thought the prices keep rising and they could sell make it sense their home for a nice profit. Rising values meant might people could also take their out home equity loans– line and lines of credit. They use their home as a cash machine by borrowing bring against its value
posted on 2008-04-05 12:50
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