U.S. JUNE EXISTING-HOME SALES FALL 5.4% TO 4.37 MILLION RATE [NotSoBreaking] - MarketTicker Forums


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User Info	U.S. JUNE EXISTING-HOME SALES FALL 5.4% TO 4.37 MILLION RATE in forum [NotSoBreaking]
Bearshort Posts: 4478 Incept: 2007-09-13 NYC Online	U.S. JUNE EXISTING-HOME SALES FALL 5.4% TO 4.37 MILLION RATE Ouch ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. 2012-07-19 10:00:31 Permalink
Newcub14 Posts: 422 Incept: 2007-08-26	So this bottom, really isn't a bottom? Rather telling - in a country of mouth breathers and 3.5% mtg rates we continue to slide into the abyss. 2012-07-19 10:09:48 Permalink
Argos Posts: 6315 Incept: 2008-03-23 The Green Mountain State	Econoday was expecting a reading of 4.65M. NAR Release: http://www.realtor.org/news-releases/201.... 2012-07-19 10:12:53 Permalink
Cjworkman Posts: 7948 Incept: 2007-08-22 Banned	I posted a month ago in the Real Estate sub forum that things were getting worse again. But.. things have picked back up again recently. Lots of houses going pending with rates hitting lows. Prices however are still stagnant to down from start of the year. What is still continuing to get worse though is it appears a lot of shadow inventory people are giving up and ditching. Lots of empty houses and short sales popping up again. Lots of that inventory will still be sitting there this winter, we might see another price drop in the winter because of it. If rates tick back up to even 4.5% .. the whole thing is toast. Mortgage apps will plummet to next to nothing, so will sales of both existing and new. ---------- Last modified: 2012-07-19 10:28:06 by cjworkman 2012-07-19 10:26:38 Permalink