Record Low Rates Aren't Reviving Home Sales

NPR
by Marilyn Geewax

July 11, 2010 In July 2008, the crumbling housing market started pulling down the whole U.S. economy. By September, millions of mortgage defaults had touched off a meltdown on Wall Street.


Today, financial markets have stabilized, but the housing market remains deeply troubled. New industry data show both sales and prices are slipping again in many markets, despite record low mortgage interest rates. Read More

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