Is the Housing Market Slowing Down?

From the reports I've seen lately, the housing market may be slowing down again.

• Home Values continue to fall.
• Foreclosures are up.
• New Residential sales are down over 32% from this time last year.

These are not good signs. Investors and first-time home buyers; this is your market.

Fannie-Mae has relaxed the minimum credit rating to 600, so hopefully that will help get some buyers into some of these foreclosed homes that are just sitting there. Now if only the other lenders would loosen up a little.

In Florida, this is not the time of year to have empty foreclosed homes sitting around without the Air Conditioning running. The houses start rotting from the inside out. And we are at the peak of Hurricane season too. It could get ugly.

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