Wednesday, October 28, 2009
Stocks lower as new home sales fall
The housing market has seen bettter days. But this year it seemed like it might be picking up again, until recently. Stocks recently fell as the sales for new homes fell. Investors are caution about investing in the housing market because of its bad luck and recent drop. The housing market could be in serious trouble if it doesn't start to go up. Investors need to believe in the market. Also the buyers should be more responsible, they are the reason we are in this mess.
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I agree with the fact that you said buyers need to be more responsible. If people could control their spending habits and become more confident in their financial situation, there is a better chance that they could become more confident in the market and be willing to invest as well.
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