[SoFloFreeper]

MORE: WASHINGTON (AP) -- Sales of new homes soared at a record pace in October in what could be a last hurrah for the booming housing market. The Commerce Department said that sales of new single-family homes shot up by 13 percent last month, the biggest one-month gain in more than 12 years. The increase pushed sales to an all-time high seasonally adjusted annual rate of 1.42 million units. The increase confounded analysts who had been predicting that new home sales would decline by 1.8 percent, reflecting continued increases in mortgage rates. It was possible that the unexpected surge reflected a final rush by buyers to get into the market before mortgage rates climb higher.

...in what could be a last hurrah for the booming housing market.

Aww...I see, they have to add that in the lead to TEMPER the good news. LOL.

[Thane_Banquo]

Inventories of unsold homes are also at their highest in 18 years, which is bearish for the housing market.

[elfman2]

The "housing bubble" won't do anything more than wobble a little until the stock market explodes and gives people an alternative place to put their money. (And no, gold doesn't count.)