December Existing Home Sales

We seem to have hit a low point for existing home sales. See the latest December numbers (down 0.8% compared to November). For the entire year 2006 the numbers are very positive. Another reason to read the whole story (not just the headline). National Association of Realtors Economist says 2006 was one of the strongest housing markets. Can you believe it? The media made it like the sky was going to fall in on us – and now the numbers speak! As I’ve been saying all year the housing bubble is a myth created by the media. You always have to look at analyse situations in their context!

UPDATE1-U.S. existing home sales slip in December Economic News “WASHINGTON, Jan 25 (Reuters) – The pace of existing home sales slipped 0.8 percent in December, the National Association of Realtors said on Thursday, leaving in doubt whether the worst of a housing slump has passed.”

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