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ANN INC. Message Board

  • chetgillespie chetgillespie Oct 19, 2012 12:04 PM Flag

    Home Sales Still 74% below 2005 high

    For all the hype around the housing 'recovery', sales are still 74% below the peak. From that standpoint, there is no housing recovery. Further, if one examines the data we see that the majority of the buying is coming from the financial services sector. The individual homeowner is not wading back into housing until the economy can stand on its own two feet without crutches from the Fed.

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