January figures on the housing market are in and they don’t look too good. The current market indicators are showing house prices dropping by as much as 26% meaning they have dropped lower than ever. The market conditions on wall street aren’t helping, with roller coaster figures that can;t seem to stabilize. The economy has long been in recession yet the effects are still surprising experts. Home inventories are still over the 9-month overstock, which means it would take 9 months of good sales to fully dispose of them. Nothing seems to be doing good in the real estate business, except the fact people are waiting for their bailout checks to come and help them with their pending foreclosures.
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