From ETFguide.com: Here’s your real estate update: The housing market is in a depression and the end is not yet nigh. During the month of July, sales of existing U.S. homes sank double what analysts were forecasting as demand for single-family houses fell to a 15-year low.
According to the National Association of Realtors, an annual rate of just 3.83 million units is the current pace. What’s next?……………………………………Full Article: Source