July Home Sales Plunge Despite Economy Boosting Plans

By GlobeSt News Hub

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NEW YORK CITY-The deepening crisis in the housing market has placed the US government in a quandary regarding policies that will favor current and future homeowners.

While programs were put forth by the government over the past year and a half, to save homewoners from foreclosure, the sales of homes in July 2010 have witnessed a 26% reduction from year-ago levels, notwithstanding the intention of the government to stabilize the economy. For the full story, go to Housing Wire.

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Categories: Northeast, Residential, Capital Markets, Analysis, New York