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Housing recovery hopes crushed as July house sales plummet


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2014 Aug 18, 11:08pm   912 views  3 comments

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/blog/housing-recovery-hopes-crushed-july-home-sales-plummet/

Dashing hopes for a second-half recovery, existing home sales in Southern California steeply declined in July 2014.
Do you remember all the happy talk and wishful thinking that dominated financial reporting over the last few months? Weren’t we lead to expect a better second half of 2014? Supposedly the first quarter was weak due to bad weather, then the second quarter… well, economists and reporters really didn’t have a plausible excuse for completely missing the ongoing slowdown in the second quarter, and now the much-anticipated second half recovery is turning into an epic disaster.

Source: http://ochousingnews.com/blog/housing-recovery-hopes-crushed-july-home-sales-plummet/#ixzz3AqKTd5RF

#housing

Comments 1 - 3 of 3        Search these comments

1   bubblesitter   2014 Aug 19, 12:27am  

Hey, that redfin graph(sold $sq. ft) tells a different story.

2   HEY YOU   2014 Aug 19, 1:27am  

I refuse to believe this.
I'm going to put on my "Bull" suit & prove every word of the link wrong.

3   bubblesitter   2014 Aug 19, 2:14am  

No matter what happens of sales, prices will still go up.

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