Results 1 to 2 of 2
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Hybrid View
-
01-01-2008, 02:10 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Realtors to Bernanke: 75 Basis Points, Please
Realtors to Bernanke: 75 Basis Points, Please
WASHINGTON (Reuters) - The pace of existing home sales edged up in November to a 5 million-unit annual rate and the median price fell from a year earlier, the National Association of Realtors said on Monday.
The trade group also urged the U.S. Federal Reserve to slash interest rates by as much as three-quarters of a percentage point in January as a way to embolden home buyers. Most economists expect a quarter-point cut at the central bank's January meeting.
Economists polled by Reuters were expecting home resales to hold steady at October's previously reported rate of a 4.97 million-unit pace. The October sales pace was revised up to a 4.98 million unit rate.
The national median existing home price for November fell 3.3 percent from a year earlier to $210,200.
The inventory of homes for sale fell 3.6 percent to 4.27 million units at the end of November, which represents about 10.3 months' supply at the current sales pace.
Monday's data comes after Friday's Commerce Department report that showed sales of new homes slumped 9 percent in November to the lowest rate in more than 12 years.
http://moneynews.newsmax.com/money/arch ... 105818.cfm
Get ready for a huge drop of the dollar ... lord these people look like they are intentionally forcing the dollar to go down in valueJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Migrant children in Massachusetts lived among sex predators as...
05-19-2024, 11:33 AM in illegal immigration News Stories & Reports