Housing sales down, way down

By: Kieran Wilson Email
By: Kieran Wilson Email

A new real estate report just released shows the full picture of last year's plunging market.

The report from advanced title shows sales dropped nearly 40–percent in the fourth quarter of last year. Sales of non–residential property dropped 30–percent during the same period. The report blames the sub–prime meltdown and the national economic trends for the declining sales. The silver lining is a possible upswing this year on expectations that bank and mortgage interest rates will stay low.

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