• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

Housing Bubble RAPIDLY Deflating

unlawflcombatnt

New member
Joined
Sep 8, 2005
Messages
35
Reaction score
0
Location
Southern California
Gender
Male
Political Leaning
Independent
The Housing Bubble deflation is rapidly accelerating. November New Home sales declined 11.3% from October. This is the largest decline in New Home sales in 12 years. In the West, the bubble is deflating even faster. November New Home sales in the West declined 22% over October.

Median New Home prices also declined 4.1%. November's median New Home price declined to $225,200 from October's $234,800. This information can be found in the following article by AP writer Martin Crutsinger: NewHomeSalesFall

Below is a chart from Briefing.com showing the changes over the last 5 months.


This can also be found at: NewHomeSales

unlawflcombatnt
EconomicPopulistCommentary
_________________
The economy needs balance between the "means of production" & "means of consumption."
 
Top Bottom