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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (84615)	12/25/2008 5:37:07 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 94695

One optimistic point: National Association of Realitors: Existing single family home sales were up by 19.8% year-over-year in November, 2008 in the West. However, median sales price of existing family homes was down by 25.5% in November, 2008 in the West. My guess is that more lower value homes are being sold and more foreclosed homes are being trashed by departing occupants causing an extraordinary lower average price. Average median sales price of single family homes was mostly, significantly higher in the West versus the Northeast. However, in August and November, 2008 the average median sales price was significantly higher in the Northeast versus the West. U.S. Inventory of single family homes is up to 3,550,000 a 10.6 month supply in November, 2008 versus 2,390,000 a 4.4 month supply in 2005.