Number of home sales dropped

[Pamela Crowley (Florida)]

http://biz.yahoo.com/rb/020425/economy_homes_3.html

http://biz.yahoo.com/bw/020425/252318_1.html

We knew this already.

 

[Joe Birrell (NY)]

Didn't these people just report the opposite a couple of weeks ago ?

 

[Pamela Crowley (Florida)]

Yep, they did. Actually, I'm surprised they are putting out the truth now with all the hype that was put out earlier.

The other thing I'm noticing, at least in my market, is that the prices have stabilized and in some subdivisions, it appears that they might be going down just a little.

 

[Joe Birrell (NY)]

Ditto those market conditions here also. Inventory is up, days on market is up, and asking prices keep soaring (with no sold properties to justify them). Market is in heavy denial stage, won't be long before reality sets in.

 

[Dee Dee]

We've been getting conflicting news articles around here too.
It all depends on who the author is and if maintaining their livlihood depends on coming up with a convincing enough spin to keep the buyers coming.