Friday, January 25, 2013

Up and down

"New home sales slipped last month, according to the federal government, but were strong enough to cap 2012 as the best year since 2009.

New home sales fell 7.8% in December to an annual rate of 369,000, said the U.S. Census Bureau. That's compared to November's revised annual rate of 398,000 new home sales.

Last month's rate of sales was significantly lower than expectations. A consensus of economists surveyed by had forecast an annual rate of 385,000 new home sales.

The real estate market has been one of the stronger sectors of the economy, showing signs of recovery in recent months, after the housing bubble burst more than five years ago."

Been a long recovery, and still up and down.

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