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Realistbear

Existing Home Sales Down 5.7% In U S

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http://uk.biz.yahoo.com/060125/214/g23yp.html

Existing home
sales were down 5.7%
in December to a seasonally adjusted 6.6m, according
to the latest report from the National Association of Realtors, against forecasts of 6.89m.
The figure was the
lowest in almost two years and was the third month in a row that sales have eased
. The report blamed
speculators
exiting the market.

Down down and away! Can't be too many speculators left in the UK market either with HPI looking at, maybe, 3% return on investment for the next several years.

http://money.cnn.com/2006/01/25/news/econo...sales/index.htm

It marked the first time since 2002 that the pace of home sales has slowed in three straight months.
Still most housing economists are forecasting that there will be a slower housing market in 2006.

http://www.signonsandiego.com/news/busines...53-economy.html

By region of the country, sales were
down 11.4 percent in the West
, 7.2 percent in the South and 2.6 percent in the Midwest. The level of sales was unchanged in the Northeast.
Edited by Realistbear

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Well if that trend continues the US consumer will run out of money, and if that happens we will be in deep trouble. If the US catches an ecomonic cold, we catch the flu. Given our economy already has the sniffles I recon flu is a distinct possibility this year.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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