Home prices in US is yet again slipping.  A survey forecasts that the prices would remain unchanged for the months and there would  be a decline of 3.1 percent in the annual.

Lack of job growth has an impact for this decline, says experts.  The foreclosures are also one of the main reasons that contribute.  There are still a good number of properties that has been foreclosed and are yet to come in the market.

The spending capacities of the people has not gained momentum as expected.

Even when the affordability has improved, the consumer confidence has not and hence there is hesitancy in going for purchase.