Not Enough Homes To Sell Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don’t have enough homes to sell. There is currently an eight-month supply of homes on the market — meaning that, at the current sales pace, it would take eight months to run… Read More
New Home Sales Drop
January 27, 2010 By Leave a Comment
On the heels of the S&P/Case-Shiller report yesterday, the Commerce Department said sales fell 7.6 percent to a 342,000 unit annual rate from an upwardly revised 370,000 units in November. It was the second straight month that new home sales declined. Analysts polled by Reuters had expected new home sales to increase to a 370,000… Read More
