New home sales at a 40 year low!

According to Lawrence Yun, NAR Chief Economist, new home sales are at a 40 year low. On September 11, 2011, Mr. Yun spoke at the North Carolina Association of Realtors Convention at The Greenbrier. He says that builders aren’t building for two reasons: 1. They don’t want to build in some of the more depressed markets because they cannot make money and 2. They cannot get construction financing.

See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011

New Home Sales at a 40 year low!
Home equity is essential to the economic recovery of our nation because…
Real Estate Outlook for 2011 and 2012
Recent Homebuyers are successful!
Mortgage Interest Deduction was not the source of the bubble.
Job Recovery? What is it’s impact on economic and housing recovery?
Improving factors for higher home sales
Speaking of interest rates. How low can you go?
Smart money is always one step ahead and they are…
The moral of the story is…
How to increase home sales by 20% right now!
Unemployment claims as a bell weather factor in recovery

 

 


Kathryn Gorham – 252-646-4656 – kathryn@kathryngorham.com