bind Invalid argument

I'm playing with the unix sockets. The code compiles fine but I get the following message on execute

Invalid argument

Here is the code i use. It's pretty simple I think

#include <sys/types.h>
#include <sys/socket.h>
#include <netinet/in.h>
#include <stdio.h>
#include <stdlib.h>

#define PORT 7000


int main(){
    int socket_desc;
    struct sockaddr_in address;

    socket_desc = socket(AF_INET, SOCK_STREAM, 0);

    if(socket_desc == -1)
        perror("Create socket");

    /* type of socket created in socket() */
    address.sin_family = AF_INET;
    address.sin_addr.s_addr = INADDR_ANY;
    /* set port */
    address.sin_port = htons(PORT);

    while(1) {
        /* bind the socket to the port specified above */
        if(bind(socket_desc,(struct sockaddr *)&address, sizeof(address)) < 0) {
            perror("Error");
            exit(-1);
        }
    }

    return 0;
}