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Tag Archives: ESS

Run-Down Housing

Housing is becoming a real drag on the national economy. Yesterday, the National Association of Realtors reported that sales of existing homes fell more than expected in July, down 11.2% from the same period a year ago. More troubling, perhaps, the stockpile of unsold houses is soaring, with the highest inventory-to-sales ratio since 1993. Time to let go of some REITs?

Run-Down Housing

Housing is becoming a real drag on the national economy. Yesterday, the National Association of Realtors reported that sales of existing homes fell more than expected in July, down 11.2% from the same period a year ago.