U.S. housing prices are drooping and buyers are waiting


NEW YORK (AP) - Low-price bidders, finicky buyers and
cancellations are now the rule in once-hot housing markets.
Rising interest rates and sky-high home prices have cooled real
estate investment, "particularly in high-end markets in some
juiced-up parts of the United States where speculation was most
rampant," said Mark Zandi, chief economist at Moody's Economy.com.
The record low interest rates and speculators that