Login
ISCOVER
Home sales in the US dropped by 2.6 per cent – the lowest level in three years – according to data from the National Association of Realtors.
The Australian reported that the decline was due to sub-prime lenders tightening their criteria in the wake of the crisis in the US high-risk mortgage market. The Bank of America remains upbeat, claiming the crisis won’t affect the housing market in the long term.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
