Friday, January 26, 2007

1/26/07 This morning's December New Home Sales data issued by the government may provide false hope on housing market. Today's survey (includes three weeks of this month) of the Realtor's MLS site of single family home sales in Boston, LA and Greenwich, CT suggests that inventories have started to trend back up - mostly a seasonal effect. The problem is that it is trending up from a significantly higher level than last year.


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