Sell, sell,sell?
I hope no one out there got wiped out on margin calls and had to sell their house.
I've still got mine. Have you still got yours?
Happy, I'd like to thank you for being a consumer. What have you bought lately, that you can share with us? <vbg>
Last Updated: July 25 2001 19:13GMT
The National Association of Realtors said on Wednesday sales of previously owned homes slipped slightly in June but remained close to their highest levels on record, with home values appreciating significantly to a new high.
"Home sales are moderating, but barely," said Celia Chen, an analyst with Economy.com, a Pennsylvania-based advisory. "With much of the economy mired in weakness, the strong performance of the housing market remains remarkable and continues to be one of the few forces keeping an economic recession at bay."
Alan Greenspan, Fed chairman, recently said the appreciation of home values was a helpful, if partial, counterbalance to the sharp drop in stock-market wealth and had helped sustain continued growth in US consumer spending. |
