Archive for June, 2010

06/10 More Houses are being emptied

movin.jpgMore and more houses are being left by people in search of cheaper alternatives such as rental to escape the high prices of commodities. If current homeowners continue to leave in search of other housing opportunities, this might be a signal that would have house prices drop a lot more during the rest of the year which isn’t good at all. The amount of new houses being sold is the indicator that people are beginning to buy and that that the industry is bouncing back, but these reverse figures are showing otherwise and may be a sign of harder times to come in the real estate market.