Tuesday, March 23, 2010

HOUSING RECOVERY

January Existing Home Sales FEB due out at 10 AM this morning
Updated 09-Mar-10 19:32 ET (prior report)
About this release


Highlights
•Existing home sales declined from 5.440 mln homes to 5.050 mln homes in January.
•The consensus expected a small increase to 5.550 mln homes.
•The median price declined from $170,500 in December to $164,700 in January. Prices are now at the same level they were in January 2009.


This is important IMHO, as this low in home prices came just a mont or so before market bottom

D

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