New home sales decline on March coupled with the increase under the amendment in February.  have shown that regardless of the property market has been going for 16-month-long economic recession, are not near the bottom.

Housing purchasing power is upgrading, even by the historical high for some standards.This is a great deal of attention in the spring season for home sales.But this is not always true.

It is Difficult to predict whether this is the beginning of the market improved.In fact, which probably not. said Sherry Chris. New Jersey Better Homes and Gardens Real Estate chief executive officer and president.

Mortgage rates fell to record low in April,the home value shrunk by about 30% than the peak in mid-2006,of course, the rate varies from place to place. But at the same time, the unemployment rate has climbed to more than 25 years to the highest standards,and also increase. house prices continued to decline, foreclosure record number is high and rising,consumer confidence still flagging.all these factor are determined the  mortgage rates.  

The Consumers  confidence for economic situation,employment and the net asset value will gradually lead us out of this situation,” Chris said.

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