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More On Housing Sector
Posted by Stock Online Trader on June 24, 2007 in Real Estate
Overvalue-Undervalue Valuation 54 metro areas were judged to be overvalued during Q1 2007, representing a decline from 62 metro areas during the Q3 2006. More important were declines in the share of all housing units, and real estate assets, judged to be overvalued. In terms of housing units, the percent deemed to be overvalued declined [...]
Weak Housing Market Affects Stock Market
Posted by Stock Online Trader on May 11, 2007 in Currency, Real Estate
The National Association of Realtors (NAR) expected the home prices to finish down for the year, which would be the first drop since 1968. Single-family homes are expected to decline by 1%,to $219,800. The number of home sales is also expected to dip from 6.48 million in 2006 to 6.29 million in 2007, a drop [...]