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Saving Money & Making Extra Money

A friendly place to discuss tips on saving money, making money at home, and getting out of debt.

Monday, September 25, 2006

POP! goes the housing bubble...

Well, it's not like it's a surprise. Housing prices have stalled and home sales have decreased for the last year or so. Rising interest rates have really put a damper on consumer's ability to borrow and it's slowed the housing market to a crawl.

According to an article on Yahoo News, sales of existing homes has fallen for the fifth consecutive month. Homes are remaining on the market for longer and sellers are being forced to lower their price to make a deal.

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