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The sales of residential homes are at their lowest, forcing the government to take action to try to restore consumer confidence. The poor economy in
The sales of residential homes are at their lowest, forcing the government to take action to try to restore consumer confidence. The poor economy in America having a significant effect on the number of new homebuyers. Job growth, most experts agree, to home sales, and both indicators have been on the decline for the last six months. The Government Housing Group, which is responsible for homeowner policies, that low home sales will continue in most regions of the United States. The number of homes on the market continuing to fall, dropping to 3.44 million, which suggests sellers are hesitant to put their homes up for sale. If the federal tax incentives that the government administered , people may begin to gain confidence in the housing market. Additionally, after April, when tax rebates are given to consumers, the GHG hopes to see slight improvement in home-loan activity
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