Monday, October 27, 2008
After the 5.5% rise in USA old-home sales, now new home sales on the up
Prices Decline but New-Home Sales Rose Last Month
Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years. The (US) Commerce Department reported Monday that sales of new single-family homes rose 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes. Economists had expected sales would drop from the August level. If this sustains we may be next? At least the USA housing market may, just may, be bottoming out. Come back Anatole K, all is forgiven...
Posted by david oser @ 03:34 PM (573 views)
One thought on “After the 5.5% rise in USA old-home sales, now new home sales on the up”
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Old_traveler says:
What?, bull trap or the beginning of the end?