Housing

A HUD and US Census report released today shows that new home sales increased 11% from May to June. However, new home sales this June are down 23% as compared to June 2008. Also, the median price of a new home in June 2009 was $206,000, down 13% from $246,000 in June 2008.
Take your pick - you can look at this report as good news because sales were up from last month. Or, you can look at it as bad news because volume and price is down from last June. Most media are reporting it as good news - a sign of the current mood.

Jul 27 · 5:50:00 PM · Source: CNN Money
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by Rich Pike