US housing sector is passing now a crucial moment as home price hit record lows in December 2008 at the same time that buyer confidence was showing signs of collapse. According to report, the consumer confidence index has dropped to 25.0, the lowest since the index began in 1967. American housing statistics has shown declines of 18.5%, with the S&P/Case Shiller home price index showing the pace of decline is picking up. On other hand, S&P economists have recommended prices will most likely continue falling in the months ahead, extending a 13-month-old recession. So, home sellers are anxious what they should do in this circumstance.
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