Archive for August 6th, 2010

Home Sales Down but Prices Up – What Gives?

Friday, August 6th, 2010
Home Sales Down but Prices Up – What Gives?

The latest housing reports show sales have slipped (particularly for new homes) since the April 30 expiration of the US government homebuyer incentive. Yet, the latest S&P/Case-Shiller data has house prices continuing to rise. Well, that’s not supposed to be how supply/demand works. Demand has clearly tapered off, and we know there continues to... »

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