Talk:U.S. Housing prices down 9% since February
have only compounded to the problem. Rates were set artifically low due ot the after effects of 9/11. Rates will go back up to normal levels and the waning of "cheap money" will be over. The drop in the dollar also made things cheaper for people overseas to buy US assets and as a result with the snap back hurts them even more.
Today
editI deleted the reference to "today" because the figures are unlikely to be that current.