Tuesday, August 26, 2008
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5 comments:
US Home Sales up-turn by 3.1% in July
According to the American private National Association of Realtors, home sales increased by 3.1% in July. More Americans waded into the housing market last month, lured by falling prices that helped send sales to their highest level this year.
http://blog.yourrightmove.co.uk/2008/08/us-home-sales-up-turn-by-31-in-july.html
Hummm, home prices fall, sales go up. Any correlation there?
"The months' supply of homes for sale declined to a still-high 10.1 from 10.7 in June. The median sales price rose to $230,700 from $230,000, though it's still down 6.3% over last year."
http://www.businessweek.com/investor/content/aug2008/pi20080826_670406.htm?chan=top+news_top+news+index_news+%2B+analysis
That's positively blistering. Must have reached bottom *sarcasm off*
"The months' supply of homes for sale declined to a still-high 10.1 from 10.7 in June"
Hmm - despite years of wailing, screaming and flailing, Arlington has only 4.3 months of inventory.
Thats ok - Im sure it will explode up to 10.7 months or more soon. Just wait - it will happen - any day now.
"Hmm - despite years of wailing, screaming and flailing, Arlington has only 4.3 months of inventory."
Why are you going anony, lance?
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