Despite low interest rate, home sales drop again....

With interest rates are at historic low, apparently it's not enough to persuade buyers to get into real estate.

According to DQNews.com, a total of 18,091 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in September. That was down 2.4 percent from 18,541 in August, and down 16.0 percent from 21,539 for September 2009, according to MDA DataQuick of San Diego.


Read the rest of the article here. 

photo courtesy of Renjith Krishnan

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