25 year high: Existing home sales set record

[SamOdom]

Existing home sales set record

Sales top forecasts to 7.33 million annual rate; prices post biggest jump in nearly 25 years.
July 25, 2005: 10:07 AM EDT

NEW YORK (CNN/Money) - Existing home sales hit a new record in June, as the latest reading of the real estate market out Monday was stronger than Wall Street expectations.

The National Association of Realtors reported that sales of existing homes came in at an annual pace of 7.33 million homes in June, compared with the 7.13 million pace in May. Economists surveyed by Briefing.com had forecast that sales would remain little changed at the 7.15 million pace in June.

The national median existing-home price for all housing types was $219,000 in June, up 14.7 percent, the biggest year-over-year jump since November 1980. The median price is the point at which half the home sell for more and half sell for less.

 

[TheRightWing]

that damn Bush economy.......

 

[SamOdom]

New home sales come out this week too. They will be good, very good.

 

[JinnRikki]

Riding the bubble, going to be a lot of unhappy folks when this bubble pops.

 

[CAPNCRUNCH]

Eventually we will have to pay for those low prime rates that have created this boom! Alan Greenspan is the man responsible, not W! Bushies do have a lot of experience with Savings and Loans though!

 

[eek.]

It was Clintons brilliant economic management that made this boom possible.
I just hope the Bushies don't mess it up like they did with the stock market.

 

[SamOdom]

New home sales come out this week too. They will be good, very good.

July 27, 2005: 11:34 AM EDT

NEW YORK (CNN/Money) - New home sales rose to record levels in June, according to a government report released Wednesday that put the latest reading of real estate market strength above Wall Street expectations.

<!--startclickprintexclude--><!--endclickprintexclude-->The Census Bureau report showed that new single-family homes sold at a record 1.374 million pace in June, up 4 percent from 1.32 million in May, a figure that was revised higher to what would have been a record at that time.

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[5teamparlay]

that damn Bush economy.......

Can an we have it back??

 

[Ricboff]

Riding the bubble, going to be a lot of unhappy folks when this bubble pops.

3 years later and poof...

nice call

 

[NFLTrends]

It was Clintons brilliant economic management that made this boom possible.
I just hope the Bushies don't mess it up like they did with the stock market.

Yet I bet this person will blame Bush now. Even though Bush and his administration tried to shore up Fanny and Freddy but were continuously blocked.