Real estate in the US really is in for a bit of trouble. Almost all experts are saying that the end in not even close to being near. Yeah!? American real estate is really going to be put through the ringer in the next few years. Many will loose their homes, and a few very rich people will get even richer by capitalizing on low real estate prices.
In the latest evidence that prices are still sliding, the National Association of Realtors reported Thursday that the median price of existing homes sold in June fell to $215,000, down 6.1 percent from a year ago. Sales fell 2.6 percent from the month before — far more than analysts had expected. Article.
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