Fun with Numbers, Housing Crunch Style
PRINT
EMAIL
TEXT:
SHAREAttention to November’s 0.4 percent increase in existing homes sales compared to October cannot whitewash the 20 percent drop in sales from last November.
The grim reality is that there are more homes for sale on the market than last year at this time, fewer of those homes are selling, and when they do, they are selling for less money. No amount of spin from the National Association of Realtors or from the media looking for an upbeat story as we end the year is going to convince Americans that the housing market has now stabilized and is poised for a rebound.
Read more here.
This article was originally published in RISMedia.
To speak with our experts on this topic, please contact:
For print, John Neurohr, Deputy Press Secretary
202.481.8182 or jneurohr@americanprogress.org
For radio, Andrea Purse, Deputy Director of Media Strategy
202.446.8429 or apurse@americanprogress.org
For TV, Sean Gibbons, Director of Media Strategy
202.682.1611 or sgibbons@americanprogress.org
For web, Erin Lindsay, Online Marketing Manager
202.741.6397 or elindsay@americanprogress.org