Wednesday, August 24, 2005

"Not for Sale" signs

Parts of the country are reporting that residents are putting "not for sale" signs in the windows of their homes, as they are tired of being approached to sell their homes.

The New York Sun, for example, has an article (with a photo of one of the signs) here.

Home sales down, prices up!

The National Association of Realtors reports that for the month of July "Existing-home sales declined in July from a record in June, but home prices continue to rise at double-digit rates". Home sales for July 2005 were the third highest on record, still very strong even in light of the reported decline. Home sales were down a reported 2.6%. In addition, "existing condominium and cooperative housing sales declined 5.0 percent".

We will wait to see what happens over the next few months.

To read more, go here.

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