JGPM,
I'd be cautious about an increase in new home sales necessarily suggesting a bottom in real estate prices.
Eg. have a read of this article.
http://themessthatgreenspanmade.blogspot.com/2008/10/san-diego-home-prices-are-off-chart.html
The 2 charts indicate that around the LA area, home sales have roughly tripled since January, yet in that time, the average price has actually decreased (a further) 20-30%.
JGPM,I'd be cautious about an increase in new home sales...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |