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And the pain continues...

Discussion of the condition of the general economy. Post links to articles of interest, but do not post copyrighted material which violates fair use.

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And the pain continues...

Postby Steve Owen on Thu Jul 24, 2008 12:18 pm

...but, not the worst pain we've ever seen. According to the article, it's the fifth worst!


http://news.yahoo.com/s/ap/20080724/ap_ ... home_sales

That represented a 11.1 month supply at the June sales pace, the second highest level in the past 24 years.


Hmmm. Fifth worst median price decline but second highest number of months inventory supply. Could be that prices have a ways to fall yet.
I haven't a particle of confidence in a man who has no redeeming petty vices.
- Mark Twain, a Biography
Steve Owen
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Postby Steve Owen on Fri Jul 25, 2008 10:07 am

And, more bad news...

http://www.nationalrealtynews.com/conte ... 2&zoneid=2
I haven't a particle of confidence in a man who has no redeeming petty vices.
- Mark Twain, a Biography
Steve Owen
Certified General
 
Posts: 1959
Joined: Tue Aug 14, 2007 12:26 pm
Location: Joplin, Missouri
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