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Keyword: cnncheers
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At long last, a new home sale slump [MONEY/CNN's headline - not mine]
Sales in February drop more than expected, as median price falls and supply grows. Is the real estate bubble bursting? NEW YORK (CNNMoney.com) - New home sales fell more sharply than expected in February -- and along with them, the price of a new house -- in the latest signs of a slowdown in what had been a white-hot housing market. Sales sank 10.5 percent to an annual rate of 1.08 million homes in February, from the revised rate of 1.21 million in January, the Census Bureau reported. The report also showed a drop in the median price of a...
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