Here's what happened.
House prices are getting lower and lower as consumer interest drops to an all time low. Many individuals are not buying homes because of the high mortgage.
House prices are getting worse and worse as many individuals are losing interest in the house market. The house market seems to be getting worse and worse over time with many individuals not buying any homes. The mortgage rates which are being provided are much higher than they should be.
Experts suggest that this will not increase consumer interest in homes.