U.S. Housing Market Slowing

The housing boom that fueled the U.S. ecomony in recent years appears to be slowing down.
August 24, 2006, 8am PDT | Abhijeet Chavan
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Sales of existing US homes have fallen to their lowest level since the start of 2004, in a fresh sign that the once red-hot housing market is cooling down...Successive interest rate rises have taken the heat out of the market, with sales of new homes also falling...The housing boom helped drive the US economy forward over the past few years.

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Published on Tuesday, August 22, 2006 in BBC
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