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Home Sales Sink to 5-Year Low

Stats at 5-year low due to credit crunch

By Nick McMaster, Newser Staff

Posted Sep 25, 2007 12:52 PM CDT

(Newser) – Sales of previously owned US homes fell 4.3% in August, marking a 5-year low point and continuing the housing swoon growing out of the credit crisis. Although the drop was slightly less than expected, borrowing costs have risen and mortgage qualification has gotten harder,... Read full story »

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Home Sales Sink to 5-Year Low

Stats at 5-year low due to credit crunch

housing market • credit crisis • housing sales • housing crisis

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