Joel Naroff
Joel Naroff
behind days drop extent home levels record sales seems surprised though
The extent of the drop seems overdone, ... I would not be surprised if home sales rebound, though the days of record sales levels may be behind us.
air bubbles collapse country far likely losing plenty rapidly
There are plenty of bubbles around the country that are losing air rapidly and more are likely to follow. But so far there is no generalized collapse in the market.
causing high house people prices pull question turned twice
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying.
adjustment december decline existing given home january pace robust sales sharp start strong trend
Given how strong January existing home sales were, the surprisingly sharp decline in January new home sales may be more an adjustment to the robust December sales pace than the start of a weakening trend in housing.