Housing Market Falls

"Sales of new homes fell in February to the lowest level on records dating back nearly half a century, a dismal sign for an already weak housing market" 
Original Article 

According to researchers, the housing market has fallen severely. In the month of February, new home sales fell 16.9%.  More homes than normal have been foreclosed and the housing market is failing. The estimate is that there will be three million home foreclosures this year nation wide. People do not expect that the housing market will turn around any time soon.