Rajyam Puku Pachadi Pachadi Chesanu

The National Association of Realtors has reported three consecutive months of declines in existing home sales.
Housing bulls will argue that the market is still strong. The association representing real estate professionals still expects 5.1 million homes to be ultimately sold in 2013, and that's the highest tally since 2007. Is that worth bragging about? Is it merely a coincidence that 2007 was when the last housing bubble popped?
Either way, the last several months have not been kind, and that's enough to kill any of the favorable momentum the market experienced earlier in the year when rates were bottoming out.
The Mortgage Market is Starting to Dry Up
With homes getting more expensive and interest rates getting higher, you might expect interest in buying to dry up, and that's exactly what's been happening.