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Real estate in the news

Posted by Jeff R On July - 27 - 2007

The recent down turn in the stock market has been fueled by lower earnings reported by some major companies and fears that the real estate market is finally starting to slow down in some of the major markets. While the reports are showing that markets like Florida and Texas as seeing a slow down other areas are still going steady. This presents a great opportunity for those buying homes as they interest rates are still low and the value of homes is lower than they were a few months ago. The market has a surplus of homes as seen by the lower new starts across the country. Builders are starting to only build homes once they are sold instead of putting them up and waiting for buyers to come in.

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