Existing Homes Sales Expected To Crash More

Posted on May 6, 2008 by MoneyBob 
Existing Homes Sales Will Probably Drop MoreMouse over picture

Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south.

Sales are now off 32% since June of 2005 and inventories remain stubbornly high.

As recession fears continue, downward pressure will likely remain for some time to come

Jim Stack of InvesTech Research

By the way, check out his newsletter, just Google it.

Filed under: Credit Crunch, Economy, Middle Class, Mortgages, Real Estate, economics | Tagged: , ,

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2 Responses

  1. Dr. Letitia Wright, on May 7, 2008 at 10:11 pm Said:

    there are so many differences of opinion on the economy

  2. Credit Crunch » Existing Homes Sales Expected To Crash More, on May 6, 2008 at 11:55 pm Said:

    [...] Small Business Credit Cards wrote an interesting post today onHere’s a quick excerptExisting Homes Sales Expected To Crash More Posted on May 6, 2008 by MoneyBob Mouse over picture Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south. Sales are now off 32% since June of 2005 and inventories remain stubbornly high. As recession fears continue, downward pressure will likely remain for some time to come Jim Stack of InvesTech Research By the way, check out his newsletter, just Google it. Filed under: Credit Crunch [...]

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