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Reply #21: Gee, that's funny, in California new housing sales in 2/06 are UP 9.5% [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Capn Sunshine Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-25-06 10:13 PM
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21. Gee, that's funny, in California new housing sales in 2/06 are UP 9.5%
Edited on Sat Mar-25-06 10:16 PM by Capn Sunshine
It's all in this story in today's business section. But that's the difference between a "bubble" and legitimate supply and demand. When supply catches up with demand, things slow down. Note that the strory didn't say "NO ONE bought a house inthe Northeast last month", just that it's down from last years red-hot pace.

Things aren't as desperate as some make out, but when Wall Street will do anything to get that "hot money" back into the market, you see all kinds of stuff in the news.
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