House Prices Leveling out – DEEP!
1 April 2008
The idea that the housing market has started to level out is not accepted for there are not enough house sales to signify such. Imagine a home sale rate of 3.0% for January and that gives you a picture of a housing market that may take forever to recover. The Federal Government has said that they have seen no further slides in the trends that are visible so far yet that remains to be seen as rattled home buyers turn to renting till the smoke settles. To assume that home-buyers would get back on the hunt soon is a very early prediction indeed for as of now, they’re nowhere to be seen.
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