Home Sales Plunge to Record Low

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Existing Home Sales Swan Dive

Catherine Rampell
NY Times Blog
August 24, 2010

Sales of existing homes plunged 27.2 percent in July, down to their lowest level since the National Association of Realtors began keeping track over a decade ago.

To put this in better context:


Much of the decline can be explained by the expiration of the home buyer’s tax credit, which probably pulled some home purchases forward that might have otherwise occurred in July or later.

Fresh food that lasts from eFoods Direct

Beyond the dent this is going to put in the housing component of gross domestic product, economists are probably worrying about what kind of effect the soft housing market might have on consumer behavior.

Read full article


This article was posted: Tuesday, August 24, 2010 at 1:30 pm

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Harry Reid Blatantly Lies To America See the rest on the Alex Jones YouTube channel.

Smart Guns Endanger Children See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.