Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 124

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Main Menu
Home
News
Contact Us
Search
News Feeds
Articles
Financial News
Real Estate News
Directory

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Home arrow Real Estate News arrow General News arrow Real Estate Snag Sales

Strict Standards: Non-static method mosMainFrame::sessionCookieName() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 33

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/components/com_content/content.php on line 33

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method HTML_content::show() should not be called statically in /home/marketne/public_html/includes/Cache/Lite/Function.php on line 114

Strict Standards: Non-static method HTML_content::_Itemid() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 434

Strict Standards: Non-static method HTML_content::_linkInfo() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 437

Strict Standards: Non-static method HTML_content::Title() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 452

Strict Standards: Non-static method HTML_content::PdfIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 455

Strict Standards: Non-static method mosHTML::PrintIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 458

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/includes/joomla.php on line 2216

Strict Standards: Non-static method HTML_content::EmailIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 461

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 709
Real Estate Snag Sales
Strict Standards: Non-static method HTML_content::EditIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 611
Print E-mail

Strict Standards: Non-static method HTML_content::Section_Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 493

Strict Standards: Non-static method HTML_content::Section() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 734

Strict Standards: Non-static method HTML_content::Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 737

Strict Standards: Non-static method HTML_content::Author() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 496

Strict Standards: Non-static method HTML_content::CreateDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 499

Strict Standards: Non-static method HTML_content::URL() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 502

Strict Standards: Non-static method HTML_content::ModifiedDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 518

Strict Standards: Non-static method HTML_content::ReadMore() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 521
Wednesday, 23 August 2006

Strict Standards: Non-static method HTML_content::TOC() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 508
A steeper 4.1% fall of existing home sales were seen in July as the market hit a record high signaling further difficulty for homebuilders trying to sell new homes.  The National Association of Realtors said Wednesday that total existing home sales came in at an annual rate of 6.33 million for July. That is the lowest sales in two years. The number was below the downwardly revised pace of 6.6 million in June, and 11.2% below the 7.13 million mark in July 2005. .   An increase of about 0.9% from a year was evident in the national median existing-home price for all housing types as $230,000 in July.  The national median existing-home price for all housing types was $230,000 in July, up 0.9% from a year earlier. The median is a typical market price where half of the homes sold for more and half sold for less.  The inventory of homes for sale spiked to a whopping 3.86 million units, which represents a 7.3-month supply at the current sales pace.  "Inventories were up almost 40% higher from year-ago levels, and this is an environment of slowing sales," says Phillip Neuhart, an economic analyst with Wachovia.  "There's no reason we can't go back to the pre-boom levels (of 2003)," when annual sales totaled less than 6 million, Neuhart says. From June to July, sales declined across the country. Sales fell 6.4% in the West, 5.9% in the Midwest, 5.4% in the Northeast and 1.2% in the South.  The sales numbers are a lagging indicator of the housing market since the data is based on home closings, which trail contracts by about two months.   
 
Strict Standards: Non-static method HTML_content::Navigation() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 532
< Prev   Next >

Strict Standards: Non-static method mosHTML::CloseButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 535

Strict Standards: Non-static method mosHTML::BackButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 538