WASHINGTON – The number of people preparing to buy a home in November fell sharply — the latest sign that the housing market, which had appeared to be stabilizing, is headed for a "double-dip" downturn.
What does a "double-dip" downturn mean to you?
Asked by Anonymous at 2:48 PM on Jan. 5, 2010 in Politics & Current Events
Answer by yourspecialkid at 3:39 PM on Jan. 5, 2010
Answer by Carpy at 3:23 PM on Jan. 5, 2010
Answer by Anonymous at 3:31 PM on Jan. 5, 2010
Answer by Carpy at 3:37 PM on Jan. 5, 2010
Answer by yourspecialkid at 3:40 PM on Jan. 5, 2010
Answer by Anonymous at 6:29 PM on Jan. 5, 2010
In a bad economy people are generally not as confident in making big purchases. So it's going to take more time for the real estate market to recover. There are a lot of people who could buy who are already homeowners.
Answer by SylviaNCali at 8:28 PM on Jan. 5, 2010