Home Builders are NOT Optimistic About Housing Market in March 2014

U.S. home builders remained cautious about the housing market in March.

Builder confidence in the market for single-family homes is seasonally adjusted 47 in March, the National Association of Home Builders said Monday. Any Readings below 50 indicate that more builders view conditions as poor than good.

Considering that the index in February had recorded the biggest one-month decline in history, economists now are more concerned about the future of the US Housing Market.

In this condition, it is still hard to Sell Your House Quickly especially in the local Brooklyn NY and the Bronx NY area (Bushwick, Bed-stuy, Cypress Hills, Baychester) where a lot of foreclosure properties are pressuring down the values of the Non-foreclosure homes.

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