The Good And The Bad
Only in America do we qualify a positive with a required negative.
Sales of previously owned U.S. homes ticked higher in July thanks to lower prices, but record inventory suggested the battered housing market is unlikely to recover soon, a trade group report showed on Monday.
Home resales rose 3.1 percent to a 5 million-unit annual rate, according to the National Association of Realtors. While that topped analysts’ expectations of a pace of 4.90 million, the overall picture was mixed.
The 5 million-unit rate topped analysts’ expectations of 4.9 million units, but the overall picture was mixed. They cn’t be positive about anything if they try.
– Posted with Stuffr! –
Sphere: Related Content