Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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.
"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."
US Home Sales up-turn by 3.1% in July
ReplyDeleteAccording 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?
ReplyDelete"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."
ReplyDeletehttp://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"
ReplyDeleteHmm - 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."
ReplyDeleteWhy are you going anony, lance?