Here are 2 articles about the home market. The second one is from the Wall Street Journal and may ask for a login if you try to access it after today.
Home Prices Seen Getting Worse Still
“The outlook for home prices this year – already expected to post the first drop on record – got worse Wednesday as an industry group cut its forecasts for sales and prices for 2007.”
Rise in Home InventoryContinues to Hurt Prices
“Growing inventories of unsold homes continue to weigh on the U.S. housing market, portending more downward pressure on prices, the latest data show.”
Read the article here