Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling.
“If foreclosures <http://www.reodomains.com/emailmarketer/link.php?M=5372945&N=299&L=10&F=H> continue to mount and depress home prices, that could send the economy back into a recession,” said Celia Chen, an economist who tracks the industry for Moody’s Analytics Inc. “The housing market and the broader economy are closely intertwined.”Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
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