From: Randy 

Phil Payne wrote:
>>> "The bond slide is exacting a toll on the US property
market, where the
>>> price of new homes has fallen for five consecutive months. A half-year
>>> inventory of unsold houses now hangs over the market."
>> I don't know where they get this information but house prices here haven't
>> fallen, in fact they are up from last year at this time.
>
> Not inconsistent.  Up for seven months, down for five.  Also specifically
> refers to "new" houses.
>
> I'm never sure about this particular statistic.  It may not reflect the
> value of any given house, just that in bearish times people tend to move
> downmarket.  More transactions for less expensive properties lowers the
> average transaction.
>
Op, perhaps lots of rich folk buying second houses....

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