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)
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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

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