Tuesday, January 22, 2013

House Prices Decreasing

December brought worries to the National Association of Realtors because there was an unusually low amount of houses sold in that month in 2012, even though the year as a whole brought 4.65 million homes sold. For the last five years, realitors were having a hard time selling homes, so with 2012's large amount sold, that will hopefully bring the market back up. There has been low morgage rates and low amounts of supplies to build houses due to expences. Houses already built and on the market keep decreasing in price which makes people buy faster.
http://www.bloomberg.com/news/2013-01-22/sales-of-u-s-existing-homes-drop-on-lowest-supply-in-a-decade.html

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