Tuesday, July 17, 2007

New Home Sentiment sinks - 16 Year Low

The index that tracks new home buyer sentiment has sunk to a 16 year low with a rate of 24.

27 was the expected rate with 50 being a positive opinion.

One has to wonder about the continued rise in gas/fuel prices, drop in the housing market and increase in consumer debt...

When does the Fed decide to start lowering rates, because inflation excluding Fuel/energy and Healthcare just isn't there?!?!?!?

Posted by Pete at 9:06 PM

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