This year sales are down 30% from last years terrible pace. Sadly, we are nearing financial collapse. Banks are going under water as home prices are falling even as we speak. Realtors claim that the rebound in selling houses has not taken place.
Future home sales will decline as the economic crisis causes financial armageddon. Banks are in trouble, far worse than we are told. The zombie banks will need more money.
Home improvement companies say that shoppers are expressing caution. Cost cutting means more unemployment in the future. People, it is only a matter of time before something terrible takes place.
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