Posted by Leonard Steinberg on November 19th, 2012 The economy’s recovery is largey reliant on the housing market recovery, so today’s news from The National Association of Realtors that existing home sales climbed 2.1 percent last month to a seasonally adjusted annual rate of 4.79 million units, beating forecasts by Wall Street economists, comes as… [Read More]
IS MANHATTAN DIFFERENT?
Nationally existing home sales dipped 0.6 percent month-over-month to an annual rate of 5.02 million units, the National Association of Realtors said on Tuesday. The drop last month was a touch less than market expectations for a fall to 5.0 million units. The data showed weakness at a crucial time for the housing market with… [Read More]