From Realtor.org: Existing-Home Sales Down In June.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 2.6 percent to a seasonally adjusted annual rate1 of 4.86 million units in June from a pace of 4.99 million in May, and are 15.5 percent lower than the 5.75 million-unit rate in June 2007.
Lawrence Yun, NAR chief economist, said first-time home buyers are critical to the health of the housing market.
Yun said there is a downward distortion in the price data.
BWAHAHAHAHAHAHHAHAHHAHAHHHHHHH!!!
They can't bring themselves to say that "prices are falling".
BWAHAHAHAHAHAHHAHAHHAHAHHHHHHH!!!
By this logic, an avalanche is a "downward distortion in skiing conditions".
A thunderstorm is a "downward distortion in sunny weather".
A genocide is a "downward distortion in human lives".
BWAHAHAHAHAHAHHAHAHHAHAHHHHHHH!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment