Saturday, January 30, 2010

Housing Sales Fall by 16.7%

"Housing Sales Fall by 16.7%
by Justin Lahart
"Home saled plunged in December, raising fresh concerns about the housing market's ability to recover when government support winds down.
"Sales of previously owned homes fell 16.7% from November to a 5.45 million rate, the National Association of Realtors said Monday. . . . The drop brought the pace of sales down to the lowest level since August.
* * *
"Although economists expected Monday's report to show declining December home sales, few thought they would fall so sharply. The decline called into question the sector's ability to bounce back. * * * " Wall St. Journ. 1-26-2010, p. A4

No more of "stay the course". This time elect Kenneth Stepp to U.S. House KY-05.

No comments: