News Folio
My article is talking about:
Courtesy of The Standard & Poor’s/Case-Shiller index:
1-There was a 0.5% increment of prices in 17/20 U.S cities as of June and although July is the climax of buying season, the index pointed out a 4.1 decline which was fairer than the 4.4% anticipated.
2-As analysts had cautioned, American housing markets stayed low and many anticipate reduction of prices. In Alistair Bentley’s view, a TD economist, the prices will likely continue reducing due to the hurting of the consumer assurance by fewer jobs.
3- Soaring prices over the year, very low mortgages, soaring rental rates, strict lending standards, hindrances of many households taking home loans will vouch for the hurting of the housing market. Compared with the January 2000 prices, the price indexes show an irregular 3-month average.
4-courtesy of The Conference Board, a research group, their Tuesday report indicated a feeble U.S economy with consumer confidence index showing 45.4 in September which is a 0.2 increment form August, with the latter month hitting Americans with high unemployment and low wages (CBC News,2011). Even though economists anticipated an index of 46, a health economy is indicated by a 90+ index. In America, the consumers vouch for approximately 70% of the economy.
5-Courtesy of Jennifer Lee, a high-ranking BMO Capital Markets economist, the weak consumer confidence resulted from the stalled economy and chances of recession rise. Jennifer opined that help can’t be got from deficient of hiring nor extreme financial markets volatility.
My opinion
1-If there wasn’t an increment of prices by 0.5%, perhaps the index could have indicated the anticipated 4.4%.
2- The only savior of the hurt consumer confidence will be creation of more jobs which will in turn save the declining prices of housing projects.
3-Unless the prices are lowered, mortgages increased, rental rates are made fair and the lending standards are consumer friendly, the housing market will continue suffering from the mighty blow meted out.

References
CBC News (2011). U.S home prices flat in July. Retrieved on 1st October 2011 from http://www.cbc.ca/news/business/story/2011/09/27/us-home-prices-july.html