Real Estate Downturn Continues

Real Estate Downturn Continues

The downturn in housing shows no signs of improvement as Toll Brothers, the largest U.S. luxury home builder, said tighter credit is likely to weigh on its future bottom line.  S&P added to the negative tone when it lowered its credit rating on four home builders.  Moody's also has several home builders under review.

To leave a comment about this story and video, use the comment link below.  We'd love to hear from you.