"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, March 27, 2009

US has 12 months stock of new homes for sale.

The median sales price of new houses sold in February 2009 was US $200,900; the average sales price was US$251,000. The seasonally adjusted estimate of new houses for sale at the end of February was 330,000. This represents a supply of 12.2 months in the market at the current sales rate.


Anonymous said...

There are some bargains to be had in Detroit...

Anonymous said...

Wait till it hits rock bottom here in the UK...You ain`t seen nothing yet.The drop in prices here will be 80% before all this is over...Time will tell.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish