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Home > Archive > Real Estate Investing > February 2006 > Commerce Dept reports major drop in new home sales in November
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Commerce Dept reports major drop in new home sales in November
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| Just Me 2005-12-24, 2:21 pm |
| (AP) ... Sales of new homes plunged in November by the largest amount in
nearly 12 years, the most dramatic evidence to date that the booming
housing market is starting to cool. The Commerce Department reported
Friday (12-23-05) that sales of new single family homes fell 11.3
percent last month.
In addition to the big plunge in sales, the median price of a new
home dropped by 4.1 percent from the October level, to $225,200.
Is this just he START of a steeper decline? Maybe the doomsayers
predicting a crash in real estate prices are right. Will the bubble
burst, or just continue to lose some air? Me
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| Keter Pardes 2005-12-24, 3:21 pm |
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On 24-Dec-2005, ImpartialObserver@webtv.net (Just Me) wrote:
> (AP) ... Sales of new homes plunged in November by the largest amount in
> nearly 12 years, the most dramatic evidence to date that the booming
> housing market is starting to cool. The Commerce Department reported
> Friday (12-23-05) that sales of new single family homes fell 11.3
> percent last month.
> In addition to the big plunge in sales, the median price of a new
> home dropped by 4.1 percent from the October level, to $225,200.
>
> Is this just he START of a steeper decline? Maybe the doomsayers
> predicting a crash in real estate prices are right. Will the bubble
> burst, or just continue to lose some air? Me
Anyone can rattle out numbers. How did they gather those staistics?
--
All the best,
Keter Pardes
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| Keter Pardes 2005-12-24, 3:21 pm |
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On 24-Dec-2005, "Keter Pardes" <anointedears@yahoo.com> wrote:
> On 24-Dec-2005, ImpartialObserver@webtv.net (Just Me) wrote:
>
>
> Anyone can rattle out numbers. How did they gather those staistics?
BTW, I can't find anthing like that on the Dept of Commerce's web site
www.doc.com
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All the best,
Keter Pardes
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| This AP story is legitimate. It is likely that many newspapers printed
it on 12-24. Perhaps you can find in the Associated Press or newspaper
archives. Renard
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| Hello, to get better exposure, I recommend listing this on
www.westlist.com - they just redid the real estate community and it's a good
time to list free. You can list as anonymous but I recommend making an
account it's free.
http://westlist.com/forums/default.aspx
"Just Me" <ImpartialObserver@webtv.net> wrote in message
news:19873-43AD890E-454@storefull-3317.bay.webtv.net...
> (AP) ... Sales of new homes plunged in November by the largest amount in
> nearly 12 years, the most dramatic evidence to date that the booming
> housing market is starting to cool. The Commerce Department reported
> Friday (12-23-05) that sales of new single family homes fell 11.3
> percent last month.
> In addition to the big plunge in sales, the median price of a new
> home dropped by 4.1 percent from the October level, to $225,200.
>
> Is this just he START of a steeper decline? Maybe the doomsayers
> predicting a crash in real estate prices are right. Will the bubble
> burst, or just continue to lose some air? Me
>
>
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