US new home sales drop by 10%

[DimPrawn]

Doomed I tell ya.


(ok I told you last year, and the year before that, and the year bef......)

[TinTin]

Not rocket science

They've had so far about 5 or 6 qtr-point increases on the U.S. Base Rate, albeit from a very low level. It doesn't take an economist to deduct that this would have an effect on mortgages/house sales. Don't draw any conclusions though between this and the general U.S. economy (still doing OK) and betwen the U.S. and U.K house prices (still rising, despite any negative predictions)

[sappatz]

http://money.cnn.com/2006/03/24/news...ales/index.htm