More Home Price Drops Predicted
July 16th, 2009
Imagine 85% of the whole US’s housing market being expected to experience more home price falls and you’d get a very accurate figure of how bad the situation really is. Though median home prices are on the rise, there is still no sure guarantee that home prices have indeed hit rock-bottom for other economic factors continue to drag markets down. Gains are quickly overcome by losses that is beyond the control of the government who is forced to release more cash to bolster the economy with limited results. With news of the trillion dollar bailout package being a gamble, the economy isn’t getting any better. Rumors of another bailout package are circulating though support for this may not be so good due to the ill-effects of the former economic stimulus package. The light is still to be seen at the end of the tunnel but most people are still optimistic that the end is coming and that it would allow them to get back on their feet, when that would come, no one knows.