Real estate agents blog with news on realty foreclosures and the real estate markets nationwide
The Marketwatch headline today? New-Home Sales Inch Higher in March:
Boosted by warmer weather in the Northeast and Midwest, sales of new homes increased by 2.6% in March to a seasonally adjusted annual rate of 858,000, the Commerce Department reported Wednesday.
That is of course month-over-month. Year-over-year, [YOY] sales are down 23.5%. According to the Commerce Department:
Sales [...]
The recent data that came out for February, 2007, that housing starts were up by 9 percent is wonderful news for the building community, but this will be the eye of the storm as building starts as a statistic will collapse in the 3rd quarter of 2007. And that is not all bad.
In the [...]
When the housing boom was going on, the financial markets watched and absorbed the profits without much fanfare or hesitation. But since the subprime mortgage meltdown of the past few weeks housing has been under the spotlight and is making the market have huge swings in pricing.
If you are an investor in both real [...]