One day you read in The Daily Times home sales are up, then they're right back down two days later. Well, here it is Folks, New Home Sales dropped a record 16% in 2007 while prices posted the weakest showing in 16 years!
Sales marked the worst sales year on record, surpassing the old record by 23.1% plunge in 1980.
Oh, I forgot, we're NOT in a recession. I'm really starting to believe our very own President is one of Jerry's kids. Can't wait to see his speech tonight! Oh, that's right, there's a City Council Meeting instead.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Some see this as a bad thing. Personally I see it as a way to bring reality into the real estate business. This will cut out some of the greed we have seen in recent years and MAYBE allow those of us who a just making it to buy a house again. At least I hope it works that way.
What area is the follow data for???
"Well, here it is Folks, New Home Sales dropped a record 16% in 2007 while prices posted the weakest showing in 16 years."
Entire US, State of MD, Wicomico County, what???
It would be nice if the tax assesments would go down as well..... Nahhhhh never happen.. reduce taxes, Not in Maryland and Certainly not in Salisbury.
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