US Housing Market down september 2011

property market news today - US Housing Market down september 2011 : The Pending Home Sales Index, which is used by experts as a forecaster for home sales, dropped 4.6% in September. The numbers are an improvement on September 2010, but home sales continue to struggle due to a lack of consumer confidence and strict lending limitations. Experts with the National Association of Realtors believe the direction of current U.S. policy in the housing market is stifling potential growth by capping loan amounts and so forcing people with good credit to accept higher interest rates on jumbo loans. For more on this continue reading the following article from Property Wire.