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This program is made possible by contributions to your pbs station from viewers like you. Captioning sponsored by wpbt susie good evening everyone. Sales of new homes fell to an alltime record low in july. Tom, youd have to look back to 1968 to see home sales this low. They plunged 12 last month. Tom and susie, todays news comes on top of yesterdays disappointing report of a big drop in existing home sales. Things are so gloomy that president obama took time out of his vacation to hold a Conference Call with his economic team, focusing on the deteriorating Housing Market. Susie home prices continue to fall as well. The median price of a new home last month was 204,000, almost 5 lower than a year ago, according to the commerce department. Now, prices on existing homes . About 183,000, slightly higher than last summer. Lower prices havent been enough to turn browsers into buyers, and economist dean baker says theres a reason why theyre waiting. People are acting reasonably, given that yo

New yorkUnited statesColdwater creekDistrict of columbiaCharles bennett sachsJerika millerTom hudsonCharles nathanElizabeth safranCharles sachsBob grahamMike hollandSusie gharibProgram madeRecord lowHome sales