The property sales in US have fallen by 50 percent in the first half of the year 2008. Sales reported in the nation had fallen by 63 percent in this period. The credit crunch that occurred in the residential sector is considered to be the prime reason for the fall of sales in the industrialized nation. The credit crunch makes it a bad time to go to the bank. The real estate game in the commercial market will not work in the absence of a debt. This is clearly visible in the case of various property sales including hotels, offices and real estate properties.