Housing Market Hits a Wall
According to statistics released yesterday by the U.S. Census Bureau, the number of new homes sold in the U.S. plunged by 7.8% in January. Unfortunately, this appears to be more than just a blip; it could signify the start of a negative trend for the housing industry.
What are the factors that are negatively impacting the housing market? The average price of a new home has climbed from $315,000 to $323,000. This is partly due to higher materials costs....381 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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