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Home sales remain sluggish

Posted August 25, 2010

Source: The Rutland Herold, August 25, 2010

By: By ALAN ZIBEL

and J.W. ELPHINSTONE
THE ASSOCIATED PRESS

“WASHINGTON — Home prices in many parts of the country scream bargain, and mortgage rates haven’t been this low for decades. So why are houses across the nation sitting on the market for so long?
Sales of previously occupied homes in the United States fell 27 percent in July, the weakest showing in 15 years, the National Association of Realtors said Tuesday. It was the largest monthly drop in the four decades that records have been kept…”

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