Pre-owned home sales are down 11 percent from this time last year and condo sales are down 24 percent. That's according to a study from Texas A&M University. One expert doesn't think this has to do with the bursting of the housing bubble anymore.
A&M Real Estate Center chief economist Mark Dotzur says there is a lot of doubt in the entire economy now caused by what we're hearing from the long presidential election. Dotzur says there are a lot of threatening comments such as raising capitol gains taxes and punish the oil business. This is causing a lot of potential buyers to sit on the fence.
Dotzur's belief is things won't turn around until after the election at the earliest.
Podcast - Katie Couric Notebook: 05/09/08
Jenna Bush will be married to Henry Hager on Saturday at the Bush family's ranch near Crawford, Texas. CBS News Correspondent Katie Couric sends her heartfelt wishes to the bride and groom.
Wired Report - 5/9/08
They call it brain food, but does eating fish actually make you smarter.
Green Air - 5/9/08
It's time for spring cleaning. Maybe this year when you're cleaning out your home, you can do a little cleaning up for the environment, as well.
