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RIJIMMY · 08-24-2010, 02:20 PM

Plunging home sales could sink recovery

NEW YORK (CNNMoney.com) -- With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery.

Existing home sales sank 27.2% in July, twice as much as analysts expected, to a seasonally adjusted annual rate of 3.83 million units. Much of that drop is attributed to the end of the $8,000 homebuyer tax credit.

get ready for the double dip and this time MUCH lower boys! Sorry Obama - you're on the hook for this one! Its YOUR policies in place, your recovery (or lack of).

08-24-2010, 02:20 PM	#1
RIJIMMY sick of bluefish iTrader: (1) Join Date: Aug 2003 Location: TEXAS Posts: 8,672	told ya Plunging home sales could sink recovery NEW YORK (CNNMoney.com) -- With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery. Existing home sales sank 27.2% in July, twice as much as analysts expected, to a seasonally adjusted annual rate of 3.83 million units. Much of that drop is attributed to the end of the $8,000 homebuyer tax credit. get ready for the double dip and this time MUCH lower boys! Sorry Obama - you're on the hook for this one! Its YOUR policies in place, your recovery (or lack of).
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