Seeking Alpha

May Existing Home Sales: -3.8% to 4.81M vs. 4.79M expected, 5M prior (revised). Inventory of...

May Existing Home Sales: -3.8% to 4.81M vs. 4.79M expected, 5M prior (revised). Inventory of unsold homes -1% to 3.72M; months supply 9.3. Median sales price -4.6% Y/Y to $166,500. "Spiking gasoline prices along with widespread severe weather hurt house shopping in April, leading to soft figures for actual closings in May," NAR's Lawrence Yun says.
Comments (5)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    But, of course, the still crappy economy with its still crappy job prospects and virtually no wage growth had nothing at all to do with the continuing disaster that is the U.S. housing market. All we need is a stretch of better weather and gas that's a bit cheaper and everything will be rosy again.

     

    I wonder if Mr. Yun still believes in the Tooth Fairy and Santa Claus, as well?
    21 Jun 2011, 10:17 AM Reply Like
  • john crocker
    , contributor
    Comments (19) | Send Message
     
    The gov just announced another billion set aside to help people who are losing their homes. I have one question, will the people who are in trouble financially save this economy or will the people who are sound financially save the economy.

     

    Will someone ask our government leaders, if they give me 0 % to payoff my mortgage, I am more likely to spend more that the insolvent guy.

     

    Stop rewarding and subsidizing bad behavior and we will turn the economy around. Help the ones who can help all of us.
    21 Jun 2011, 10:18 AM Reply Like
  • halconnoche
    , contributor
    Comments (68) | Send Message
     
    I guess all the tornados in Nevada put a damper on home buying there. Dang.
    21 Jun 2011, 10:31 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    that billion goes straight to the banks....another bailout for them...to keep it off thier books for awhile..and it will be just for awhile...
    21 Jun 2011, 10:42 AM Reply Like
  • aikcharlotte
    , contributor
    Comments (31) | Send Message
     
    Yun: "Spiking gasoline prices along with widespread severe weather hurt house shopping in April.." I can't stop laughing. Is this guy for real?
    21 Jun 2011, 01:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|