Wednesday, April 6, 2011

Prices are low! Mortgages cheap! But you can't get one + Existing home sales tumble 9.6% (30% off their peak) + New home sales tumble to record low (lowest level since 1963) + Home prices near a double dip (fell for the sixth consecutive month)

[mEDITate-OR:
explain, precisely, what part of this you do not understand...
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chart_home_sales_depressed2.top.gif
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Prices are low! Mortgages cheap! But you can't get one
http://money.cnn.com/2011/04/06/real_estate/why_you_cant_get_a_mortgage/index.htm
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Existing home sales tumble 9.6%
(30% off their peak)
http://money.cnn.com/2011/03/21/news/economy/existing_home_sales/index.htm?iid=EL
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New home sales tumble to record low
(lowest level since 1963)
http://money.cnn.com/2011/03/23/real_estate/new_home_sales/index.htm?iid=EL
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Home prices near a double dip
(fell for the sixth consecutive month)
http://money.cnn.com/2011/03/29/real_estate/January_home_prices/index.htm?iid=EL
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