Read the Transcript: http://to.pbs.org/dhw6Ju
Home sales fell by 27 percent in July, the biggest monthly drop since 1968. The overall decline was recorded nationwide and comes in spite of home buying incentives such as low mortgage rates and bargain sale prices in many areas. Jim Lehrer talks to professor Susan Wachter at the University of Pennsylvania, about what the declining home sales mean for the economic recovery.
Duration : 0:8:8