According to statistics, during the month of August, only a few Americans bought homes as compared to the previous months.
Likewise, according to the National Association of Realtors, the sales of existing homes dramatically fell by 1.8 percent and the annual rate seasonally adjusted to 5.05 million. This resulted in a four-month streak of gains as the sales from August to July dramatically fell and it was something unexpected.
Moreover, as compared to last year, where there was a 7 percent of August purchases, it went down to 12 percent and even the investors became skeptical and refused to buy properties, because they're afraid to experience the effects of housing busts, as well as recession.
In a nutshell, it has been noted that the…