U.S. Home Sales Are Plummeting And Nobody’s Sure Why | WHAT REALLY HAPPENED


U.S. Home Sales Are Plummeting And Nobody’s Sure Why

The U.S. housing market is crumbling--a worrying indication that an economic catastrophe could be brewing. Yet, nobody seems sure why this is happening in an economy that remains hale and hearty by most measures.

But don’t rush to your banker just yet hoping to get an easy deal. Rejections for mortgages and refinancing applications have, unfathomably, shot up to record levels.

Webmaster's Commentary: 

This is a classic case of real world (nobody has money) versus media propaganda (the economy is great) colliding head-on!

Comments

The real estate Ponzi ran its course

George

If banks refuse Ninja loans now, this suggests they were told, expect no bailout if those tank again.

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