By Martin Crutsinger, AP Economics Writer
Full Article
If there is a time to buy a new house or a newer large house, that time is coming soon, however good luck selling your house!
Thursday, January 17, 2008
Home Construction Drops 25 Percent
Thursday January 17, 9:20 am ET
By Martin Crutsinger, AP Economics Writer
Construction of New Homes Falls 24.8 Percent in 2007, the Largest Amount in 27 Years WASHINGTON (AP) -- The prolonged slump in housing pushed construction of new homes in 2007 down by the largest amount in 27 years with the expectation that the downturn has further to go.
Full Article
If there is a time to buy a new house or a newer large house, that time is coming soon, however good luck selling your house!
By Martin Crutsinger, AP Economics Writer
Full Article
If there is a time to buy a new house or a newer large house, that time is coming soon, however good luck selling your house!
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1 comment:
Ouch, but less construction should mean that the inventory would start dropping, (ie if they are not building anymore, you have to buy what is out there). As for buying a home, it seems to be more a credit situation. If you can get a loan how can you buy a home. However, Fannie and Freddie are considering uping the Jumbo loan amounts to $600,000. That should allow a lot more people to refinance at lower rates and hopefully spur more homebuying.
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