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New Home Sales Disappoint - Politics, Business, Civil, History - Posted: 28th Jul, 2010 - 12:02am
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A Financial Blog
Post Date: 27th Jul, 2010 - 4:02pm / Post ID: #
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New home sales disappoint
New home sales disappoint
Mortgage / Home Buyer News
I see headlines that say there was a rebound in June for new home sales. I'm not convinced. The housing market still stinks.
New houses were sold in June at a seasonally adjusted annual rate of 330,000 units, according to the Census. That's a big improvement over May's seasonally adjusted rate. Doesn't mean much. Instead, let's
Source: Bankrate.com » Mortgages
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Those rebounds are for those who are wealthy enough to look for a small profit on their investment, it has nothing to do with the average guy who is probably on his way to being homeless.
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Post Date: 28th Jul, 2010 - 12:02am / Post ID: #
New home sales disappoint History & Civil Business Politics
I agree I do not hear many who are in the market for a new house unless it to down grade to something that is more affordable. Many of the houses that are being sold I think in a year or two will be up for foreclosure as the job loss rate has yet to stop. The only houses that will be occupied are those who are rich or have steady employment.
TOPIC: New home sales disappoint