Wednesday, April 25, 2007

US crashing nicely!

Sharp decline in US house sales

Sales of non-new US homes fell 8.4% in March, the sharpest month-on-month drop for 18 years and a further illustration of weakness in the US housing market.

Posted by tyrellcorporation @ 11:24 AM (543 views)
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9 thoughts on “US crashing nicely!

  • Strangely, or not knowing the BBC, they’ve got the words ‘Bottoming out’ in bold half way down the article, despite this phrase never being used anywhere.

    I’m convinced the BBC is a starting ground for wannabe estate agents.

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  • Foxtrot Alpha!

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  • dohousescrashinthewoods says:

    What what?

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  • Doesn’t appear to be bothering the financial markets

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  • tyrellcorporation says:

    the financial markets have officially detached themselves from reality and are drunk on M&A activity and bloated on cheap credit… It’s the late 80’s all over again… Even mullets are cool again!!!

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  • Planetmervyn says:

    Burn baby burn…

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  • Surfgatinho says:

    I was wondering how the US markets would react to this news. It seems a bit ‘cake and eat it and then some’ to me. If it’s bad news ignore it, if it’s not as bad as expected – party on!

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  • Felix Cat Fever says:

    The US crash wont affect UK prices – they’re still powering up there as we have a large immigrant population, changing ‘singles’ demography and limited amount of land.

    Im ‘lucky’ as Im well above the entry level price for houses anyway. Good luck to those of you who cant afford it – I suggest that you up sticks and do your time in the City like everyone else.

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  • sold 2 rent 1 says:

    You will see the markets dip in mid May and then the final rally in mid June.
    Affter that its a 90% drop by 2011
    I’m liquidating everything as we speak

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