Friday, September 24, 2010

Economist: Valley housing market will stay down


http://ktar.com/category/local-news-articles/20100924/Economist:-Valley-housing-market-nowhere-near-recovery/#

PHOENIX -- Valley economist Jim Rounds isn't surprised at the Commerce Department's report that news homes nationwide sold at the second-slowest pace on record in August.

Last month's new home sales were unchanged from a month earlier at a seasonally adjusted annual sales pace of 288,000, the Commerce Department said. Sales were down by 29 percent from the same month a year earlier. The only time new home sales were slower was in May.

Click on the link on the right side of the house picture..........

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