Housing market by Lenka Lehenova

Everybody wants to have nice life with everything what he needs and wants. To find love for all life, to get married and then maybe to have children. Of course, if you want it you have to be ready for it. It means to have a job and earn money. Then you can buy a car and a house. Flat or house? Today a lot of people want to live in house. It is more comfortable but also more expensive. That is the reason why plenty of people have to borrow some money to buy or build it. To take mortgage is one of the opportunities which they have in case that they don't have enough money for it but there are also a lot of disadvantages.Although a lot of people want to own a house or flat, the fact is that housing market in USA is still decreasing. We all know that American economy is in depression and it influences many things. This is one of them. Sometimes people borrow more money than they are able to pay for it. There were about 40 000 foreclosures in 2007, which is more than the record set in 2006. The total is up 190 percent since 2003.Analysts, economists and government try to change the situation. Congress wants to help them as well and this week it will examine another round of possible repairs for consumers and investors who are threatened by this situation in the housing market.Lawmakers and all in the housing market expect that the proposals will face resistance and it will help to stimulate economic.

by Lenka Lehenova for PocketNews (http://pocketnews.tv)

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