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Right Time To Buy A House? - Page 4

We never actually dropped in my area just stabilized or slowed down in the increase on prices. We are far fr4om clear on this yet as I see factories closing more now then 6 months ago. I think we are still a year to go before a recovery can be thought about. The rise of the Canadian dollar may hurt us as this is a touchy time to start with.

House Buy Time Right

US Real Estate Sales

WASHINGTON (AP) - Sales of new homes surged 27% last month, bouncing off the previous month's record low and blowing past expectations as better weather and government incentives boosted sales.

The Commerce Department said Friday that new home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years. Ref. USAToday

Right Time To Buy A House? History & Civil Business Politics

Pending Home Sales up 5.3% in March:

More Americans signed contracts to buy homes in March, hoping to take advantage of the home buyer credit before it expired. Ref. Source 3

Page 4 House Buy Time Right

U.S. home prices drop by $25 billion:

A report by San Francisco's Trulia Inc. Says home prices around the United States were cut by 10 percent in April. In total, some $25 billion has been slashed from the list prices of for-sale homes. Ref. Source 6

House Buy Time Right

Falling home prices stir fears of new bottom:

"It looks a little like a double-dip already," economist Robert Shiller said in an interview. "There is a very real possibility of some more decline." Ref. Source 9

Right Time To Buy A House?

New Home Sales Low

New home sales plunged almost 33 percent in May, the federal government says. Ref. CNN

Right Time Buy House - Page 4

A Decade of Declining House Prices
By Mike Whitney

he housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not fall too fast or too far. That way the banks can manage their write-downs without slipping into insolvency. But what's good for the banks is bad for the country. Ref. Source 6

Right Time Buy House Politics Business Civil & History - Page 4

No one is buying, not even the rich are spending as they used to. Check the graph here: Source 5 and you will see how bad it has become. House prices will go down more again even if the illusion of it going up in certain areas is reported.