Market Changing
Home prices declined by 12.7% in the month of February. The market is taking a sharp decline as seen by the market chart above which maps the housing price trends from Jan 2000 to Feb 2008. The leading indicators are still not positive as the housing starts are down, the constructions permits are still not increasing and the new home sales are taking a sharp decline . All these indicators show that there is still weakness in the housing market which will equal to further declines in the housing prices.
Your friend,
Ankit Duggal
References:
“Home Prices Fall 12.7 Percent”, The Big Picture Blog
http://bigpicture.typepad.com/comments/real_estate_/index.html
