Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.15 year low?Down by 27 %? Who is destroying the American dream of home ownership?
July's sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest monthly drop on records dating back to 1968, and sharp declines were recorded in all regions of the country.
You have to blame Nancy Pelosi puppet Steve Kagen and his dem buds for all this bad news.
Wasn't the stimulus supposed to fix all this? Isn't this the summer of recovery? Where are all the jobs? Why are people not buying houses with the lowest interest rate in years or ever?
Steve Kagen said he, congress and the president were going to fix all this. Do we really need more bad news and another two years of Steve Kagen? I don't think so.
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