28.09.2011 - Vultures circle the US housing market, again
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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