Wednesday, April 23, 2014

Nearly 1 in 3 Americans Fear They Can't Afford Rent or Mortgage

Nearly 1 in 3 Americans Fear They Can't Afford Rent or Mortgage: A new report released on Tuesday by the National Association of Realtors found that last month sales of previously owned homes fell to their lowest pace in 20 months.

The report also shows a widening rift between the performance of high end properties and cheaper homes. Over the last year, sales of homes under $100,000 have plunged 18%, while sales of homes costing over $1 million have jumped 8%.

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