Join our investing community

US New Home Sales Hit Record Low

Discussion in 'Real Estate' started by Chris C, 24th Jun, 2010.

  1. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    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.