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economy and the housing market.
Market report
During the period between late summer of 2005 and summer of 2006, the flourishing U.S. housing market blocked suddenly and eventually the markets started facing effects like falling prices and reduction of sales volumes.
The growing interest rates and home prices directly influence the housing market in U.S.
A report from Barron's magazine reveals that the median price of new homes has dropped about 3% since January, 2006. The existing home inventories were 39% higher than they were one year ago and the sales were down by more than 10 percent. It was also predicted that the national median price of housing will probably fall by about 30% in the coming years...
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