Archive for April, 2007

New home sales up in March

Posted on April 26th, 2007.

New home sales post small gain in March [but] 2007 pace is still significantly below last year New home sales for March rose 2.6% since February but are still 23.5 percent lower than a year ago. With the increase in exsisting home inventories and foreclosures flooding the market lenders are becoming more conservative. The result [...]

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“Home sales: Worst drop in 18 years???”

Posted on April 25th, 2007.

CNNMoney.com is reporting that home sales of existing homes have had their worst drop in 18 years (Home sales: Worst drop in 18 years) but is that really accurate? I’m not disputing the numbers but isn’t this report tailored to real estate agents and residential home owners/sellers? Why should real estate investors care about this [...]

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