U.S. AUG. HOME MEDIAN PRICE OFF 1.7%, 1ST DROP IN 11 YEARS

HOUSING SALES HAVE HIT BOTTOM, REALTORS' LEREAH SAYS (hahahahahahhahaha.......)
http://immobilienblasen.blogspot.com/2006/08/bagdad-bob-lebt.html

U.S. AUG. HOME INVENTORIES RISE TO 7.5-MONTH SUPPLY

U.S. AUG. HOME MEDIAN PRICE OFF 1.7%, 1ST DROP IN 11 YEARS

U.S. AUG. EXISTING-HOME SALES FALL 0.5% TO 6.30 MILLION PACE

U.S. Aug. existing home median price falls 1.7%

Median sales prices of existing homes fell from year-ago levels in August for the first time in 11 years and just the sixth time in the past 30 years, the National Association of Realtors said Monday. Sales of existing homes fell 0.5% in August to a seasonally adjusted annual rate of 6.30 million, the industry group said. Sales are down 12.6% in the past year. The median price of an existing home fell 1.7% year-over-year to $225,000. It's the first time since April 1995 that median prices have fallen on a year-over-year basis. The price correction is a welcome development, said David Lereah, chief economists for the realtors group. "The price drop has stopped the bleeding," Lereah said. "Sales have hit bottom," he said. "Sellers are finally getting it

mehr details/charts von calculatet risk
http://calculatedrisk.blogspot.com/2006/09/nar-sales-down-prices-down-inventory.html

jan-martin