The housing market ended the year on a positive note with strong sales in December, but a glut of unsold homes will likely push prices lower through much of this year, forecasters said Friday.
Sales of existing homes hit an 11-month high last month and the number of properties on the market fell to the lowest level in nearly seven years, according to the National Association of Realtors.
3 comments:
Realtor s had listed homes twice in order to boost a fake sales increase, This year the market will be flooded with foreclosures but they are still trying to keep prices at pre-Depression numbers.
Lies lies lies the market sucks & we all know it
If you are a homeowner that has bought a house about five years ago you are really screwed. You are underwater on your mortgage. That means you owe more on the house than you can sell it for.My house was appraised at $243,000 just four years ago It is now worth about $180,000 The problem is
I still owe $230,000 on it. I can't sell it to make any money so I am living in a house making payments on $230,000. I might as well walk away and tell the bank to take it. I can't make any money on it.
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