14 Scary Facts About The The US Real Estate Nightmare

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In May, sales of new homes in the United States dropped to the lowest level ever recorded. To be more precise, new home sales dropped 32.7 percent to a seasonally adjusted annual rate of 300,000. A "normal" level is about 800,000 a month. New homes have never sold this slowly ever since the U.S. Commerce Department began tracking this data back in 1963.

Read more: http://www.businessinsider.com/14-scary-facts-about-the-the-us-real-estate-nightmare-2010-6#record-low-new-home-sales-in-may-1#ixzz0sKmtNnMl