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Vultures circle the US housing market, again

Posted on 28 September 2011

On site of the gruesome real estate crash, financial paramedics have tried every resuscitating trick in the book to revive their dying patient: Trillions of dollars in government bailouts; repeated first-time buyer tax breaks; and record low mortgage rates.
Yet, the US housing market is showing no gain activity. To wit: A September 26 Commerce Department report revealed that new home sales are on pace for their worst year ever — since the government began keeping records a half century ago……………………………………….Full Article: Source


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