Sales of Existing U.S. Homes Probably Climbed to Three-Year High
Sales of previously owned U.S. homes probably rose in February to the highest level in more than three years, sustaining a rebound that is bolstering growth, economists said before a report today. Purchases increased 1.6 percent to a 5 million annualized rate, the most since November 2009, according to the median forecast of 77 economists surveyed by Bloomberg. Other data may show an index of leading economic indicators advanced for a third straight month. Growing demand for homes combined with limited supply is pushing property values up, leading to gains in household confidence and wealth that are helping propel consumer ... (full story)
- Main street not buying only wall street. Real estate is manipulated by wall street. Bond market manipulated by Feds. What a healthy market.
- Well, lets see what the news tells us. I like the idea that the property market is growing because I think it gives everybody confidence and hope. Homes are the bedrock of the country, and if people are buying properties, they must feel positive - plus the value of the properties they are buying had to have been professionally valued, and those values are based on previous similar property values. So the whole thing tends to spiral upwards (or downwards, as the case may be).
- Posted: Mar 21, 2013 7:57am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 1,192