"It was strong action by the Fed and they did so because some financial institutions that borrowed money to buy securities in the housing industry must now repair their balance sheets before they can make further loans"
housing industryNew Home Sales Drop for 3rd MonthNewsvine - business Wed, 02/27/2008 - 07:42
In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years. New Home Sales DropNewsvine - business Wed, 02/27/2008 - 07:42
In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years. |
