US New Home Sales Hit Record Low

Discussion in 'Property Market Economics' started by Chris C, 24th Jun, 2010.

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  1. Chris C

    Chris C Well-Known Member

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    This will be worrying a lot of banks and politician alike...

    Further house price falls in the US won't help the close to insolvent US banking system.

    Nor can the US government afford to keep throwing money at financial holes that the market doesn't have any intentions of helping to fill without government subsidies.
     
    Chris C, 24th Jun, 2010
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