The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: fatty who wrote (4735)	8/27/2002 5:09:52 PM
From: larry	Read Replies (1) of 306849

Fatty, schaeffersresearch.com Now the last paragraph: Here's one last note of concern from the housing report. The average price for a new home fell from $220,300 in June to $215,200 in July. The median price fell from $186,200 to $170,500 during the same time period. Using the government's original median price data for July, sales for the month amounted to $173.4 billion. If you take the revised number and median price data for June, the total comes to $177.45 billion. In other words, the number of new units might be up, but the amount spent on these new homes isn't. enjoy, larry

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