Archive for August 25th, 2008

Mixed Indicators

August 25, 2008

On a national basis, existing home sales are up (3.1%), and up almost double what was expected (1.6%).  Of course that’s still down substantially from last year (-13%).  Unfortunately, the inventory of available homes is up to a record level.  Some people blame this on a “buildup of condos“.  Bloomberg has condensed what all the [...]

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