Home sales down

We face market meltdown in the real estate game. A steady decline in prices and a drop in new sales. In a desperate attempt to sell people are dumping houses on an already saturated market that keeps dropping like a rock. REAL estate is rock solid, yep price are dropping like a ROCK!

Future home prices are going to be a lot less than now as bank unload foreclosure properties at fire sale discounts.

According to NAR realtors, sales of already built houses fell 8.4% in March 2007 to an annual rate of 6.12 million. Meanwhile, median price of already built houses fell to $217,000 in March, a 0.3% decline in value.