New-home sales slip, missing expectations

By
Real Estate Agent with Keller Williams Real Estate

MSNBC reported: 

 New-home sales fell slightly last month, in another sign that the housing market's recovery is likely to be gradual and prolonged.

The Commerce Department said Wednesday that sales dropped 0.6 percent in May to a seasonally adjusted annual rate of 342,000, from a downwardly revised April rate of 344,000. Sales were down nearly 33 percent from May last year.

 

Link for more info http://www.msnbc.msn.com/id/31524636/ns/business-real_estate/

 


 

 Keller Williams Real Estate

 

Keller Williams Real Estate
601 Bethlehem Pike
Building B, Suite 100
Montgomeryville, PA 18936
Main Office: 215-631-1900
Direct: 215-850-9640 · Contact Form

Resort and Second Property Specialist Realtors in Chester County, Pennsylvania

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Pennsylvania Monroe County Pocono Lake
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newhome sales slip
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Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

Aside from the fact that they, Commerce, etc., are simply reporting facts, this information is totally useless and not indicative of the real market in which we all live and work.

 

June 29, 2009 06:17 AM
Ambassador
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Fernando Herboso - Broker for Maxus Realty Group
301-246-0001 Serving Maryland, DC and Northern VA
Maxus Realty Group - Broker 301-246-0001

We are in a normal market and it will stay like it is right now for years to come. . .we better get used to it and adjust to the fact that 2004-2005 will never be no more. ..

June 29, 2009 06:31 AM
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Jeff Rickert

Realtor, RSPS - Poconos - The Jeff Rickert Team
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