SEARCH BLOG: CASH FOR CLUNKERS
Cash for clunkers pulled ahead automobile sales from one quarter to another. Looks as if the home buyer tax credit did the same thing for existing houses.
US home sales plunge to 15-year low
By Alan Rappeport in New York
Published: August 24 2010 15:46 | Last updated: August 24 2010 18:24
Purchases of previously owned homes plunged to their lowest level in 15 years last month as a weak jobs market and strict financing requirements stalled buying activity, heightening fears that the housing market will drag down the US economy. [full story]