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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim McMannis who wrote (82129)5/24/2007 11:51:00 AM
From: Box-By-The-Riviera™  Read Replies (1) of 110194
 
the big home sales number was a crock headline only.

biz.yahoo.com

"There was also concern because all of the strength in sales came in one region of the country, the Northeast, which saw a surge of 43.1 percent.
Sales were down 28.1 percent in the Midwest and 25.4 percent in the West. Sales fell a smaller 3.4 percent in the South.

The drop in median prices in April compared to March was a record one-month decline. If the April sales price was compared to the sales price a year ago, the decline was 10.9 percent, the biggest year-over-year drop since 1970."
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