Wednesday, Aug 23, 2006
US housing slowdown
BBC News: New sign of US housing slowdown
Sales of previously-owned homes were down 4% in July from a month before, a bigger fall than analysts had expected.
Successive interest rate rises have taken the heat out of the market, with sales of new homes also falling.
Federal Reserve chairman Ben Bernanke said recently he believed the market was headed for a "soft landing".
Posted by gauranga @ 05:44 PM (168 views) Add Comment
3 Comments
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1. Surfgatinho said...
BBC seem happy to publish bearish data on the rest of the World!
2. Bosscat said...
Quotes from a Realtor
"What we are experiencing right now is an inventory and price adjustment,"
"The housing market is in transition and there is pain in that transition."
when you absolutely, positively can't bring yourself to say it....
3. tyrellcorporation said...
BBC bosses must only have their property portfolios based in the UK...