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Tiger Beer
Joined: 07 Feb 2003
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 Posted: Wed Aug 15, 2007 8:18 am Post subject: Existing Home Sales Fall in 41 States |
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Existing Home Sales Fall in 41 States While Home Prices Are Down in a Third of Cities Surveyed
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WASHINGTON (AP) -- Sales of existing homes fell in 41 states during the April-June quarter while home prices were down in one-third of the metropolitan areas surveyed, a real estate trade group reported Wednesday.
The new figures from the National Association of Realtors underscored the severity of the current housing slump, the worst downturn in 16 years. |
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| The states suffering the biggest drop in sales in the second quarter, compared to the same period a year ago, were Florida, down 41.3 percent, and Nevada, down 37.5 percent. Other states with big declines were Arizona, down 23.4 percent; Tennessee, down 21.5 percent; Maryland, down 21.1 percent, and California, down 19.8 percent. |
http://biz.yahoo.com/ap/070815/home_sales.html?.v=7 |
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keane
Joined: 09 Jul 2007
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| Posted: Thu Aug 16, 2007 12:25 am Post subject: |
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| I think this belongs in the meltdown thread. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Thu Aug 16, 2007 6:16 am Post subject: |
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| you know what this means? good time to buy into real estate if you got the means to do so. It still might drop for the next 12 months, but i think it will bottom out soon in most markets. |
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keane
Joined: 09 Jul 2007
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| Posted: Thu Aug 16, 2007 6:23 am Post subject: |
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| bucheon bum wrote: |
| you know what this means? good time to buy into real estate if you got the means to do so. It still might drop for the next 12 months, but i think it will bottom out soon in most markets. |
If you can get the repos and go to the tax sales, go now. Otherwise, wait for the bottom. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Thu Aug 16, 2007 6:34 am Post subject: |
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except one never knows when it has hit bottom  |
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