Real Estate Doldrums Continue
Business • August 2010 • Views: 362
Home sales plunge 27% in seasonally adjusted rates; supply grows to 12.5 month; and pricing pressure continues to lean down because buyers are staying on sidelines even with historically low interest rates. Buyers think prices should be lower - and with foreclosures up, and sellers are in a bind over trying to get higher prices in many parts of the country.