Existing Home Sales Tumble in March

[mino2126_IHB]

http://biz.yahoo.com/ap/070323/economy.html

 

[IrvineRenter_IHB]

<a href="http://www.forbes.com/2007/04/24/existing-home-sales-markets-econ-cx_mk_0424markets10.html?partner=yahootix">http://www.forbes.com/2007/04/24/existing-home-sales-markets-econ-cx_mk_0424markets10.html?partner=yahootix</a>





I think you meant to link to the story above.

 

[GrewUpInIrvine_IHB]

<p>And people think that many of us on this blog are a bunch of "the sky is falling" Chicken Little's. What little I remember from macro-economics - as the supply curve goes up the price curve trends down until equilibrium is reached (with demand)... makes me think about the message I just received today from VOC, wondering if I was still interested... hmm (although I really liked the floorplan) for mid-900's, not a chance.</p>

<p>IrvineRenter - is there any new info on "new home sales" for Q1 (or is it monthly?) Maybe there had already been a dataquickpost... With existing sales down, it seems that new sales would be trending in a similiar manner...</p>

 

[IIIrvine_IHB]

Of course, the weather is to be blamed for all this downturn.

 

[dning_IHB]

<p>But it's raining now! (i'm in Sinapore right now!)</p>

 

[mino2126_IHB]

Well if the weather is to blame....I am feeling monsoon season coming along, think Leareah can figure out a way to say a monsoon can last for yrs?

 

[IIIrvine_IHB]

mino,





I think Lereah has already said this downturn was going to last through 2008, from his previous statements that "the worst is over"!! I am also reading that the downturn has now spread to Canada.