The House Situation

Aug 16 2006

The latest on the housing market…

This on building:

U.S. homebuilder optimism sank for a seventh consecutive month in August to its lowest level in 15 years as potential buyers pulled back amid rising uncertainty in the housing market, an industry trade group survey showed on Tuesday

Homebuilder optimism sinks

This on selling:

The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.

Home sales decline in 28 states, D.C.

So if you’re buying – it looks like you’re gonna be in great shape! πŸ˜€

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