The Real Deal Miami

Housing index declines in June

June 15, 2009 04:36PM

The National Association of Home Builders/Wells Fargo Housing Market Index declined one point this month, according to statistics released by the association today. The numbers are down because the first-time homebuyer tax credit is set to expire in the relatively near future, interest rates have gone up recently and credit is still tight for home loans. The declines took place in the southern part of the country, where the index dropped three points. In the Northeast, the index saw a one-point gain. TRD