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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

    2nd Apr, 2008
    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.