Tuesday, April 24, 2007

Further Bad News for US Home Owners

Plunge in Existing-Home Sales Is Steepest Since ’89

Sales of existing houses see record fall as well as a price decline. All this is happening in US despite record low unemployment and falling interest rates.

Posted by richc @ 06:11 PM (824 views)
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3 thoughts on “Further Bad News for US Home Owners

  • And yet the Dow blunders on upwards – but for how long? When will they realise that the party was over about 18 months ago?

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  • falling interset rates, in what year?

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  • Interest rates on 30 year fixed mortgages (the most popular type of mortgage in the US) peaked a year ago and have fallen 10% since.

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