Sunday, April 27, 2014

Obama been boss for almost 5 1/2 years. How's it workin' out for ya?-------Great divide: Low-priced home sales sink; high-priced ones rise

Great divide: Low-priced home sales sink; high-priced ones rise | Detroit Free Press | freep.com:
"Tuesday’s report on existing home sales last month highlights how tough the market is for buyers of lower-priced homes, especially in parts of the high-priced West.
March sales of previously owned homes fell to their slowest annual pace in 20 months, down 0.2% from February to 4.59 million, the National Association of Realtors reported. It was the third straight monthly decline.
Year over year, the sharpest drop-offs are at the low end of the housing market, continuing a trend visible for two years.
Sales of homes under $100,000 fell nearly 18% from March 2013 and those in the $100,000-$250,000 range fell about 10%.
But sales of homes over $1 million rose almost 8%......"

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