Regis Philbin
Sep 27th, 2006, 08:11 PM
What? You mean another one sneaked by the "experts"?
As always, the report says home sales increased but...
http://news.bbc.co.uk/2/hi/business/5385508.stm
Unexpected rise in US home sales
The US housing market is weaker than last year
Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
The annual rate of new home sales totalled 1.050 million last month, compared to 1.009 million in July, the Commerce Department reported.
The August rise followed a 7.5% fall in sales in July, but was still down 17.4% from the same month in 2005.
The average price of a new home was $237,000 (£126,000), down from $240,100 a year earlier.
"The story is that the housing market is still on a downward trend," said economist Patrick Fearon of AG Edwards & Sons.
LOL :laugh:
As always, the report says home sales increased but...
http://news.bbc.co.uk/2/hi/business/5385508.stm
Unexpected rise in US home sales
The US housing market is weaker than last year
Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
The annual rate of new home sales totalled 1.050 million last month, compared to 1.009 million in July, the Commerce Department reported.
The August rise followed a 7.5% fall in sales in July, but was still down 17.4% from the same month in 2005.
The average price of a new home was $237,000 (£126,000), down from $240,100 a year earlier.
"The story is that the housing market is still on a downward trend," said economist Patrick Fearon of AG Edwards & Sons.
LOL :laugh: