As we have newly seen the national housing market has been slowing down after a long period of tremendous movement. During this period we saw home values go up higher than ever earlier than and there were so many buyers in the market that often there was stiff opposition for what homes were accessible. This caused builders to go into overdrive, developing homes at a rate never before seen and again this increased home values as there were even adequate buyers to keep up with the builders. Unhappily many of those buyers were getting sub-prime loans that ended up in foreclosure when the mortgages could not be paid on time. This was a fractional cause of the general cooling off of the market, it is also partly the result of the normal vacillation of the market that is needy on many fiscal factors. The end result of all of this action is that home prices have dropped in many areas around the country and this has created an occasion like there has not been since before the housing explosion got in progress.
The boom shaped a real sellers market. The demand for homes was so great that sellers often found their properties in the middle of bidding wars with eager buyers trying to top each other to get their hands on homes. This frequently drove home prices up and whipped sellers into a fever. The results of this are easy to see, the national obsession with home flipping is a perfect example. You can't turn on the TV without seeing a show on home renovation, flipping,
