Home Sales Rise Slightly, But Housing Market Is Still In The Tank
It's been a tough week for the housing market. home sales rose slightly, but to the second lowest level in history. Economists were expecting a bigger pop, given July's dreadful numbers. First-time unemployment claims were up again this week, also surprising economists. The housing inventory rose to 11 months and the AIA Billing Index still shows a contraction for the need for architectural and design services. That's too bad, since the AIA billing index is a leading indicator - it tells you what might happen 12 to 18 months down the line. LAST FEW DAYS FOR HOW TO PROFIT FROM FORECLOSURE 40% DISCOUNT. ENDS SEPTEMBER 25, 2010.