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The House Situation

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! :D

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    • This entry was posted on Wednesday, August 16th, 2006 at 11:30 am and is filed under Ramblings. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

    2 Responses to “The House Situation”

    1. Nathan Says:
      August 16th, 2006 at 11:55 am

      Looks like Texas and Houston are still doing well, though. :)

      “The median used home price in Houston hit $152,700 in the second quarter, up 7.2 percent over the previous year.”

      http://www.chron.com/cs/CDA/printstory.mpl/business/4120024

    2. Richard Yoo Says:
      August 16th, 2006 at 12:14 pm

      Not necessarily true:

      http://tinyurl.com/f4c22

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