Article 1/28

1/28 Lab Assignment
New home sales dropped in 2007 by a record amount
http://www.signonsandiego.com/news/business/20080128-1250-economy.html\

Summary: Home sales have dropped 26%, the biggest drop since 1980. The drop in economic stability and credibilty has brought this country to the brink of recession.

This article poses a struggling aspect in our economy, the housing market. Experts speculate for the market to hit "rock bottom" in Summer '08, then will hopefully see a profitable rise, as appose to sinking this country into a recession.

A poor housing market is detrimental to homeowners, especially those in need of moving and receiving less money they had purchased their house for. People are FORCED to adjust their living situations and lower the value of their already depreciated home. This is important to me, because within the next 2 year, I not only plan to purchase a home, I always want it to be a valued investment.