Monday, 26 January 2009

U.S. Existing Home Sales Rebound, in Reaction to Low Prices

Click on this link to read a story by my old friend and former colleague Bob Willis. While there was an increase in sales of existing homes, the trend remains negative, as the story seems to suggest. While cheap prices might be luring some purchasing activity, the increase is far from signaling a revival in the U.S. housing market, which as some media stories have said, is at its worst recession since WWII.

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