Wilson PonUS House Prices Have Broken The New Lowest Record!
May 3rd 2009 14:14
Ok, let’s face it! The recession have brought endless of painful and unforgettable moment to most people, especially those that have being fired from the previous jobs were totally devastated…
Due to the bad economy condition, many people cannot afford to pay off the house loans. As a result, the house owners have no choice but handover the house to the real estate agent for auction!
Well, believe it or not, by spending only about twenty grants, you can get a well-designed two bedrooms with one bathroom at Santa Barbara’s area (Yeah, you didn’t see it wrongly, it definitely at Santa Barbara).
The U.S. Department of Housing and Urban Development (HUD) had pointed out that the US house prices is continued to fall in last February and March.
Beside that, they also mentioned that the house prices in USA were steadily decreasing 2.2 percent month after month. The more interesting part about the house price fall in U.S. is the decreasing rate is proportionally adverse with the unemployed rate. This means, the higher the unemployed rate, then the lower the house prices is going to be!
Some real estate agents said that this undesired situation would at least extend until next year. Unless, there’s a miracle that can turn this real estate’s tragedy upside down, which is seem hard to happen in this condition…
Note: Picture credits goes to daylife.
Due to the bad economy condition, many people cannot afford to pay off the house loans. As a result, the house owners have no choice but handover the house to the real estate agent for auction!
Well, believe it or not, by spending only about twenty grants, you can get a well-designed two bedrooms with one bathroom at Santa Barbara’s area (Yeah, you didn’t see it wrongly, it definitely at Santa Barbara).
The U.S. Department of Housing and Urban Development (HUD) had pointed out that the US house prices is continued to fall in last February and March.
Beside that, they also mentioned that the house prices in USA were steadily decreasing 2.2 percent month after month. The more interesting part about the house price fall in U.S. is the decreasing rate is proportionally adverse with the unemployed rate. This means, the higher the unemployed rate, then the lower the house prices is going to be!
Some real estate agents said that this undesired situation would at least extend until next year. Unless, there’s a miracle that can turn this real estate’s tragedy upside down, which is seem hard to happen in this condition…
Note: Picture credits goes to daylife.
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