03-23-2007, 11:52 AM
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Cheesesteak GURU! Wiz with
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Join Date: Feb 2007
Location: The Badlands
Posts: 1,034
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Quote:
Originally Posted by KENfmt
Meanwhile...
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The other part of that article....
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Inventories of unsold homes on the market rose 5.9 percent to 3.748 million units, or a 6.7 months' supply at the current sales pace. Woes in the subprime mortgage market are likely to cut sales of new or existing homes by up to 250,000 a year over the next two years, NAR economist David Lereah said.
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The median existing home sales price was $212,800, down 1.3 percent from February 2006.
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