All Signs Point to Bust
From the Chicago Tribune
"Although sales of new homes leaped to a new record in July, analysts said Wednesday they see signs that the nation's long housing boom may be approaching a peak.
"The whole energy behind housing we've enjoyed for so long is beginning to moderate," said Chicago economist Carl Tannenbaum of LaSalle Bank.
The question of whether or when the torrid real estate market will cool has been a continual source of debate, but there are now concerns over one statistic: the median price of a new home is less than last year at this time."
Continue...
"Although sales of new homes leaped to a new record in July, analysts said Wednesday they see signs that the nation's long housing boom may be approaching a peak.
"The whole energy behind housing we've enjoyed for so long is beginning to moderate," said Chicago economist Carl Tannenbaum of LaSalle Bank.
The question of whether or when the torrid real estate market will cool has been a continual source of debate, but there are now concerns over one statistic: the median price of a new home is less than last year at this time."
Continue...
posted by Little_Silvered at 6:41 AM
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