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 (1646 views)
Add Comment
Report Article

3 Comments

1. Surfgatinho said...

BBC seem happy to publish bearish data on the rest of the World!

Wednesday, August 23, 2006 11:51PM Report Comment
 

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....

Thursday, August 24, 2006 02:04AM Report Comment
 

3. tyrellcorporation said...

BBC bosses must only have their property portfolios based in the UK...

Thursday, August 24, 2006 12:25PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies