City Group had a pretty good bead on things to come. The housing numbers are not good. They are the lowest they have been since 1995. "The existing home sales, completed transactions including single family, town homes, condominiums, and co-ops dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million unit level in July 2009."
We all thought the tax credit would help, but it made things worse. Lets all hope the numbers pick up quickly and the government makes it a little bit easier to hire people and kick start the economy.