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Housing Prices Look for Basement

By Jim O'Neill, Newser User

Posted Oct 16, 2008 7:14 AM CDT

(Newser) – A witch’s brew of factors is cursing the US housing market, reports the New York Times, driving home prices ever lower as they search for bottom. Rising unemployment, higher interest rates, lower wages, and a glut of foreclosures are likely to continue to keep... Read full story »

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Housing Prices Look for Basement

housing market • home sales • home prices • financial crisis • foreclosures

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More Newser Stories

Fannie Mae's Task: Sell 65K Homes in Buyer's Market

Unloading homes quickly while maintaining value, Fannie walks tightrope

Home Prices Plunge Record 15.3%, Boosting Sales

Median US price was $175,400 in December, off 15.3%

Home Sales, Prices Plunge

Everyone was really surprised

Bank Rescue Won't Lift Home Prices, Stop Foreclosures

Continued downward spiral drives consumer spending down, killing net worth

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

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