Home sales across America have dropped 3.5 percent, marking the third decline in four months, according to the National Association of Realtors. The average 30-year-fixed mortgage rate has fallen to its lowest level since 1941.
One of the cities that has been hardest hit by the housing crisis is Detroit. To try to spur a revitalization, the city has started offering about 200 free and reduced price homes to police officers living outside the city limits. It’s reported that more than 50 percent of U.S. police officers live outside of the cities they serve.
Nation columnist and MSNBC contributor Melissa Harris-Perry, said because Detroit is a city that’s struggling in a lot of ways, this brilliant program. “Police officers are valuable in our communities. We want to get them into our communities,” she said.
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