OfflineNew U.S. single-family home sales in June fell by the most in more than a year and prices resumed their downward trend, suggesting a set back for the budding housing market recovery.
Read the entire CNBC.com story here:
http://www.cnbc.com/id/48317831
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Always Looking to Acquire Houses | Always Looking to Amaze Investors
Thank you for the info!
For sharing this article....regardless of optimistic headlines here and there about the housing market on its way up, I am very skeptical of all those 'good' news....
Valerie
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Looks like the west and mid west are doing ok. With a 2.4% and a 14%!! increase. Regional for sure. Know your market where you are buying is what this report tells me. Down to the very street! To me, one month does not indicate a trend. May was really strong. Will have to wait and see. Either way, there is money to be made.
Notice the low inventory nationwide? Now if we can only get people back to work!
I think unemployment is the key factor in the "recovery" AND the upcoming election. Get rid of that social justice, anti capitalist, anti American regime, anti business, class warfare, entrepreneur demonizing mindset and let the REAL job creators get to work!! (NOT the government!!!)
Bill, good info as always! Thanks,
Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC
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that this report is a mixed bag of news. However, with the unemployment rate faltering and with election around the corner and winter closing in soon after, I have to lean towards a poor housing market again. There are just no consumer end buyers. I still am sticking to my guns and saying nothing positive in this housing market until 2014.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
I just saw that the trend is prices are up, but I think most of the news in the financial world is still dismal and so I don't think there is a recovery for quite a while either.
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