THHoneybear Posted July 27, 2009 Report Share Posted July 27, 2009 The latest report from Washington on NEW home sales up 11%. --->http://news.yahoo.com/s/ap/20090727/ap_on_bi_ge/us_new_home_sales. Home foreclosures rise 15%. as in my previous post. How does this equate to the economic recovery?? HB. Link to post Share on other sites
Teatime Posted July 27, 2009 Report Share Posted July 27, 2009 It's just showing that it's not over yet. The economy didn't fall apart in 6 months time .. it's not going to snap back that fast either. Link to post Share on other sites
ivylove Posted July 28, 2009 Report Share Posted July 28, 2009 Sounds like 11% are taking advantage of the lower home prices, deals, and tax cuts for first time home buyers and such, while 15% are still not paying their bills. (For whatever reasons) Link to post Share on other sites
beulah boy Posted July 28, 2009 Report Share Posted July 28, 2009 It means there still is more product than buyers.. the real proof will be when permits for new homes rise. I think the market is just over built and we're in for a LOOONG slump. With out a flux of new home buyers there is'nt any real growth. bb Link to post Share on other sites
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