According to the Associated Press, sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales in nearly half a century.
Sales fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce Department said Tuesday. That's less than half the 700,000 that economists say represent a healthy market.
There are a lot of negative things occurring thanks to loose economic policy. The young people of the country, like their parents who signed away their lives with mortgages, are swamped with student loans and harsh a job market. How can a young person pay off $20,000
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