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| subject: | Re: Nemesis approaches |
From: "Phil Payne" > > "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. --- BBBS/NT v4.01 Flag-5* Origin: Barktopia BBS Site http://HarborWebs.com:8081 (1:379/45) SEEN-BY: 633/267 270 5030/786 @PATH: 379/45 1 633/267 |
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