The Housing Market

It was recently announced that new home sales have fallen to 17 year lows. It certainly feels that way to me. I bought my house in 2003. I have always paid my mortgage bonds on time, and even made significant improvements to the house, including garage door openers, new carpet and new countertops. Despite that, I can barely sell it for what I owe on the mortgage. I recently got a job offer in another state, and will be forced to move to accept it. I listed my house on the market about a month ago, but there has been almost no interest. As of today, I cut the price in hopes of breaking even. I certainly hope things turn around, but I don't think they will anytime soon. I'm not sure what the bailout of financial markets means to us little guys, but I do know that I can't take much more of this housing market recession.