Home sales falling at faster rate September 20,2008

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

..."You don't have a lot of houses selling at the top end of the market, and that's part of the reason why the prices look very low right now," said Delores Conway, director of the University of Southern California's Casden Real Estate Economics Forecast. Conway attributed the low sales of more expensive homes to the tight credit market. "People are having difficulty getting the jumbo loans," she said...