Slowdown in the Real Estates Business
13 January 2010
The rate homes are sold have indeed slowed down due to more predictions of instability with concern to Mortgage Interest rates where the Federal government has had to step in to prevent chaos. This has become evident on the markets for new home sales have slowed quite considerably and that listing times have also become longer. This has been a direct result of the said problems that without the fed stepping in to buffer the industry many more problems might arise. Fed Tax cuts have lowered interest rates but uncertainty still remains in the hearts and minds of realty buyers some of which have reported losses of in excess of two billion dollars and more loses are expected prompting them to shore up their emergency stores.
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