Legal Commentary

"The Most Ambititous Domestic Agenda Since FDR"

By Big Tent Democrat

Via atrios, the housing market collapses:

Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said Tuesday, implying further loss of momentum in the economic recovery. The National Association of Realtors said sales dropped a record 27.2 percent from June to an annual rate of 3.83 million units, the lowest level since May 1995. June's sales pace was revised down to a 5.26 million-unit pace.

FDR created HOLC. The Obama Administration HAMP'd us.

Speaking for me only

Full post as published by TalkLeft on August 24, 2010 (boomark / email).