Drop Down in U.S. Housing Sales, Why?

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Unlike many other US housing markets, california real estate prices have sagged, and the. In a nutshell, California home sales had the smallest decline in 13 months. san Mateo however suffered a .6% price drop, or down 9.5% YoY. The real estate market is already in the deepest depression in modern U.S. history.

Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market. But although buyers are desperate for whatever homes they can afford, new-home sales were actually down in April, because there were fewer of them on the market-a.

U.S. Home Construction Index is down over 40% as of mid-August 2006 compared to a year earlier. A total. As a result of the bill, Moody’s Analytics estimates that housing prices will drop about 4 percent nationwide relative to projections in which the law doesn’t exist, and those drops are more.

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Housing starts dropped 8.7 percent from January to February, according to the latest data from the U.S. Census Bureau and U.S. Department. coming in 17 percent below the revised January figure. The.

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The company beat earnings and revenue estimates, despite a year-over-year drop in sales. general motors faces a lot of. but has considerable correction potential in case the U.S. economy slows down.

And what explains the 832-point drop for the dow jones industrial. "Clearly, higher rates are not good for housing or auto. Homebuyers are paying more and fewer new single-family homes are being bought in the U.S., Reuters reported. Reuters reported. Even with a drop in home sales, the housing market is still bolstered.

3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

The drop in January came after months of weakness in the U.S. housing market. Existing home sales were down 8.5 percent from a year ago.

#Drop Down in U.S. Housing Sales – We Get Properties – National Association of Realtors reported last week an unexpected fall in U.S. housing sales-this appeared as based on retail sales and industrial production dropped in April. Charlie Dougherty, an economist at Wells Fargo Securities in Charlotte, North Carolina, said, "A Continue reading.