This is a very difficult time for real estate agents and homeowners that are trying to sell their homes. As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since 2009. Needless to say, in March 2009 we were in the middle of the Great Recession. Meanwhile, the number of unsold homes that are currently on the market just continues to pile up. This is likely to put an enormous amount of downward pressure on home prices in the months ahead.
The post The Collapse Of U.S. Home Sales Is Here was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.
