view all mls listings wwwbuynevadapropertycom: Current Market Conditions: Housing & Economy
- 08/07/08 11:56 AM
Housing ConditionsDismal housing market conditions in the once booming Florida market have forced developer WCI Communities to file for Chapter 11 bankruptcy while also forcing the failure of small local lenders. Both new and existing home sales continued to decline in June which validate that conditions remain weak in most housing markets across the nation. Stocks rallied on Tuesday as declining oil prices and a decision by the Fed to keep rates unchanged at 2% sparked buying on Wall St. News that the most recent storm would not significantly disrupt any production facilities in the Gulf of Mexico sent crude prices (0 comments)
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