Letters and Forms

Will housing market fall in for long decline?



The outlook for the US housing market is even weaker than earlier projected, mainly because sellers are refusing to cut prices enough. While sellers hold on their houses, the nation's interest rates are not in favor of buyers. A Federal Reserve official also indicated that interest rates might go up again. This would would make it harder for buyers to afford homes.



However some would say "Under these conditions, we'll probably see prices dip temporarily below year-ago levels as the market works through a build-up in housing inventory."