Archives - Economics: Page 17
Author: paul carson (Sat Jul 29, 2006 4:19 pm)
Title: economics
Selling a new home is getting harder and harder: just ask the builders who are being forced these days to entice potential buyers with expensive inducements like free swimming pools and fancy kitchen cabinets. Sales for existing homes fell in June for the third consecutive month. At the same time, the fast pace in the existing-home market is slackening, as prices are leveling off and properties are staying on the market a lot longer than they used to. Putting it all together, a variety of experts now say, the housing industry appears to be moving from a boom to something that is starting to look a lot like a bust.
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