From the NY Post
At this time of the day, this article from the Post is pretty old for hardcore bubble followers like me. However, the hard copy edition probably made for interesting reading for lots of commuters heading back home to the Shore on the Jersey Coast line tonight.
"January 26, 2006 -- It's not the end of the world — just the first signs that the housing bubble is beginning to deflate.
That's the verdict economists delivered yesterday on the data that show an unexpectedly steep slump in the sales of existing homes in December — despite a decline in mortgage lending rates that might have helped cushion such a decline.
The National Association of Realtors reported sales of previously owned homes slid 5.7 percent in December over November levels, with about 6.6 million properties changing hands compared to 7 million in November 2005.
The market had been..."
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"January 26, 2006 -- It's not the end of the world — just the first signs that the housing bubble is beginning to deflate.
That's the verdict economists delivered yesterday on the data that show an unexpectedly steep slump in the sales of existing homes in December — despite a decline in mortgage lending rates that might have helped cushion such a decline.
The National Association of Realtors reported sales of previously owned homes slid 5.7 percent in December over November levels, with about 6.6 million properties changing hands compared to 7 million in November 2005.
The market had been..."
More... Registration Required
posted by Little_Silvered at 7:34 PM
1 Comments:
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