“It’s the year of the housing hangover” said Sean M. Snaith, Director of the Institute for Economic Competitiveness at the University of Central Florida. New home sales fell to the lowest levels in seven years. Of course no one has a crystal ball to see if prices will continue to drop.

Florida, California, Arizona, and Nevada have all experienced some slide in home prices. If you have been in the market for a home of your own, a 2nd home for vacation or a retirement haven, now may be the time to start looking.

This entry was posted on Monday, April 16th, 2007 at 7:14 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.