Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (8328)	6/25/2004 10:48:11 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

WASHINGTON (CBS.MW) -- Sales of existing homes in the United States unexpectedly rose 2.6 percent in May to a new record seasonally adjusted annual rate of 6.80 million units, according to the National Association of Realtors. The sales were well ahead of expectations. Economists had been predicting a drop to 6.50 million units from 6.63 million units in April. The May activity was up 15.8 percent compared to a year ago. NAR chief economist David Lereah said May's pace is "probably the peak" for housing activity. The national median for home prices was $183,600 in May, up 10.3 percent from a year ealier.