Market Overview

Existing Home Sales Down…Surprise!!!

Existing Home Sales Down…Surprise!!!

• People losing their homes due to foreclosures.
• Home equity turning south at break neck speeds.
• Unemployment at critically high levels.
• Companies still cutting jobs.
• Business closing their doors.
• Hiring freezes in most industries.
• No one can qualify for the mortgages offered at all time low rates because they don’t have sufficient income due to the near death economy.

Why is it a surprise on Wall Street that existing home sales are down 27% to the lowest level in 15 years?

Posted-In: Offerings Topics


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