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New-home sales slip, missing expectations

By
Real Estate Broker/Owner with RE/MAX Property Specialists RS294217 / RM423788

MSNBC reported: 

 New-home sales fell slightly last month, in another sign that the housing market's recovery is likely to be gradual and prolonged.

The Commerce Department said Wednesday that sales dropped 0.6 percent in May to a seasonally adjusted annual rate of 342,000, from a downwardly revised April rate of 344,000. Sales were down nearly 33 percent from May last year.

 

Link for more info http://www.msnbc.msn.com/id/31524636/ns/business-real_estate/

 


 

 Keller Williams Real Estate

 

Keller Williams Real Estate
601 Bethlehem Pike
Building B, Suite 100
Montgomeryville, PA 18936
Main Office: 215-631-1900
Direct: 215-850-9640 · Contact Form

Resort and Second Property Specialist Realtors in Chester County, Pennsylvania

Comments (2)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Aside from the fact that they, Commerce, etc., are simply reporting facts, this information is totally useless and not indicative of the real market in which we all live and work.

 

Jun 28, 2009 11:17 PM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

We are in a normal market and it will stay like it is right now for years to come. . .we better get used to it and adjust to the fact that 2004-2005 will never be no more. ..

Jun 28, 2009 11:31 PM