Still No End in Sight for Falling U.S. House Prices, Says Scotiabank Report

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Still No End in Sight for Falling U.S. House Prices, Says Scotiabank Report
adeal
8/19/2008 6:59:15 AM

According to the report, the hike in long-term mortgage rates, coupled with tightening credit conditions, has left many potential home buyers out of the equation. However, home and construction prices are expected to continue to fall due to an oversupply of houses available on the market.(GetMarketNews)