PropertyMagic

The Rising interest rates are the culprit behind the falling house prices in the United States. Even more than interest rates, exorbitant house prices and increasing number of unsold houses have pushed home prices downward. The towering energy reserve costs have also added to the falling of house prices. Home prices are falling all over America. Banks in the United States have been exposed to this. Mortgage non-payment rates are even higher, due to the falling house prices particularly in the exclusive areas. Owing to the falling of house prices there is a disadvantage in the financial sector of the bank.