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Faith-based Real Estate Expert Foresees Down Turn in Economy

Contact: Nicholas Cole, Director of Business Development, The Catholic Company, 704-940-2240 ext 232

CHARLOTTE, North Carolina, September 26 /Christian Newswire/ -- New reports have shown previously owned homes sales tumbled in August to the lowest level in five years, falling 4.3% from July. The S&P/Case-Shiller index showed the decline in U.S. home prices accelerated in July.

Sales of the faith-based Saint Joseph home sale kit have risen almost 100% in recent weeks and sales historically correlate with the strength of the housing market and the overall economy. We can often tell the strength of the economy in any given area based upon the number of St. Joseph home sale kits that we ship to that area. Now rather than seeing them sell in particular areas of the country where the economy is struggling, we are shipping the kits all over the country.

"The sales of the home sale kits are a surprisingly accurate gauge of the housing market. Home owners having trouble selling their homes resort to all sort of options, including an increased devotion to St. Joseph, the patron saint of real estate," says Nicholas Cole Director of Business Development.

Image of St Joseph Home Sale Kit

About The Catholic Company

The Catholic Company, a mail order catalog and online retailer, provides essential Catholic books and gifts to customers worldwide. The Catholic Company is known for its selection of high quality Catholic products, quick delivery, and customer service. Selling online since 2001, The Catholic Company, has a comprehensive collection of Catholic books and gifts and a world-class distribution center. The Catholic Company was recognized as a 2007 Circle of Excellence Platinum Award winner from BizRate Research.