Thursday, May 24, 2007
Interesting! But when to jump in – that’s the question!
Number of new American homes sold booms in April but only after the biggest drop in prices since 1970 housing crisis Sales of new US homes rose a higher than expected 16.2 per cent in April, but only on prices which fell a record 11 per cent, their fastest decline in 37 years, according to a government report today. The figures the fastest rise in numbers sold in 11 years, showed that house builders were having to offer massive discounts to offload unsold homes.