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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (124970)5/23/2008 10:06:56 AM
From: Jim McMannisRespond to of 306849
 
Sales of Existing Homes in the U.S. Probably Declined in April

bloomberg.com

May 23 (Bloomberg) -- U.S. sales of previously owned homes probably fell in April to a record low, signaling no let-up in the housing recession, economists said before a report today.

The National Association of Realtors may report that home resales dropped 1.6 percent to a 4.85 million annual rate, the lowest level since comparable records began in 1999, according to the median forecast of 67 economists in a Bloomberg News survey.

Defaults on subprime mortgages have prompted lenders.....more



To: Think4Yourself who wrote (124970)5/23/2008 10:07:57 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
You heard right....it IS beginning to get to the point where investors got a shot at selected housing deals out here, cap rates are starting to make sense.


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