In recent months the U.S. housing market has witnessed its share of stormy weather, as housing prices continue to fall. Although the Fed has taken significant steps towards making cheap credit, interest rates remain high, as a man troubled financial sector continued to record write-downs. So far, only a quarter of the IMF estimated $ 1 trillion to the south-prime losses were reported, which means that mortgages will not be available for a long time, even if the house continues to depreciate. According to Case Schiller house price index, which covers 20 major metropolitan areas, house prices are depressing at an annual rate of 12.7%, although the pace is accelerating descent. As long as homeowners continue to lose equity, loans will become increasingly difficult to obtain.

Since the feedback works themselves, at the regional level depends phenomenon began to emerge. While house prices fell on average in U.S. history did not end there. Despite reduced forecast of economic growth and commodity-related inflationary pressures, (which felt much more diffusely throughout the economy) several urban areas remained more robust, which explains the dissenting votes at the last two rate cuts by the regional Fed chairs from Dallas and Philadelphia , Respectively. Part of their reasoning is based on the work on what they see as deceptive about the scope of Fed powers among many investors, namely that the central bank is the only agent responsible for assisting challenged markets. The political struggle has and will continue to play a role in their decisions, particularly in the charged atmosphere of an election year, but dissenting voices are the viability of many areas of the U.S., which continue to experience growth. In Charlottesville, North Carolina in Austin, Texas, many urban areas continue to grow rapidly, seemingly isolated from much of the speculation and predatory lending, which defines the areas of the United States. While some of the hardest-hit markets in south-west of Phoenix, Arizona, and Las Vegas will take considerable time to rebound, some price adjustment is inevitable. This is partly due to property value spiral in recent years, without a corresponding increase in demand and infrastructure. In markets where growth has been stable, housing prices were relatively stable.

If the federal government to make further steps to freeze or help re-negotiate over an estimated two million south-prime mortgages are projected to default during 2008, prices may stabilize in a short period of time. Politicians, the closing of a number of solidarity is likely to be reluctant to make efforts bipartisan priority in the presidential race remained in focus, which makes investments in the short and medium term are likely to be more profitable as markets, where prices overcorrected and stable markets. This is because any government based on mortgage interest rates freeze may be less favorable than current rates, which are firmly negative. In addition, the refinancing remains available should climate change. In any case, the worst may be over for many of America, but some places that have stood the past eight months on the sound.

In accordance with the Law 39/1989 real estate agent must be registered with the local Chamber of Commerce.If agent is not registered, he will be liable to fines and other sanctions, and he would not be eligible for an agreed commission.
The above legislation provides important safeguards for the consumer to request that real estate agents must have adequate insurance coverage in order to practice their profession.

Such an insurance policy should cover cases of professional negligence.
Under section 1759 of the Italian Civil Code, real estate agent must inform the parties about the circumstances of his knowledge concerning the safety of the transaction.

As a result, although real estate agent can not be accused of technical and legal research relating to property that may have an impact on the transaction (legal due diligence), he nevertheless charged with responsibilities of information in accordance with the principles of good diligence.The professional real estate agent is therefore obliged to provide information about every circumstance in their knowledge or that he simply should have known, in accordance with the normal professional diligence.
Bad or verified information, it would not be inadmissible under law.Lack compliance with this principle could lead to contractual liability, as well as the right to demand the return of the consumer commission.
In special cases, consumers may also be entitled to claim compensation for damages.

If the guilty silence of the real estate agent induced consumers to complete the contract in different terms than he would have been if it had been duly informed, real estate agent can be responsible to pay the difference.
According to Article 1755 Civil Code, if the deal is closed, thanks to his intervention, real estate agent is entitled to receive commissions from both sides. That right may be already upon signing a preliminary contract if the contract thatsuch completion of all necessary elements.In to have the right to commit real estate agent must play a decisive role in mobilizing transaction.Simply lead prospective buyer, without performing any other tasks, not enough To be eligible for such right.The law does not provide for the cost of commissions, so it can be freely agreed upon by the parties. It is always advisable to agree a commission in writing.