Sales moved barely above the worst crash readings in November as the last five months have all registered in the Top 10 of demand weakness. The acid test of price , closed sales in units, here measured at an annualized-and-adjusted rate, clocked in at 4.68 million units/year in November according to the National Association of Realtors. This sales pace is just 150,000 units/year above the worst crash reading for all of 12 years of data — prior to July 2010 when demand died and went away for the winter. Please click here to read more.
Friday, 24 December 2010
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