Recent housing market data support the Fed's judgment that the stunning housing downswing extended through the middle of the year, at least on a national average basis, and that there's still downward momentum in the housing market.
Sales of new and existing homes continued to lose ground in June and house prices continued to fall in many areas of the country. The inventory of homes on the market remained quite high at mid-year, particularly on a months' supply basis, … (0 comments)
This artical was produced by the National Association of Home Builders ;)
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