House Market – Down in the Gutters?
10 November 2010
House prices continue to slide with only the market in vacation homes showing movement. Rentals are on the rise but prime properties continue to decrease leaving many without decent housing. Buyers holding off till things stabilize a bit and insurance industry flaws and loopholes are patched up. Congress continues to debate on how to bring about much needed change in the regulation of the insurance industry and local state governments are getting impatient saying their actions may worsen further the problem for time is of the essence. Many still feel the country is still in recession for the Federal Reserve has showed no signs of willingness to further reduce rates to help the ailing economy.
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