Wednesday, November 29, 2006

What the hell?

WASHINGTON - Sales of new homes fell in October by the largest amount in three months, a fresh sign of the cooling taking place in the once-sizzling housing sector.

The Commerce Department reported Wednesday that new-home sales totaled 1.004 million at a seasonally adjusted annual rate, a 3.2 percent decline from September. That was the largest drop since July, when home sales plunged by 9.2 percent.

Home prices, meanwhile, went up in October, after falling sharply in September.

The median price of a new home sold in October was $248,500, up 1.9 percent from the same month a year ago. The median price is where half sell for more and half sell for less.
I get the news on real-estate from yahoo news. Compare and contrast to the report I posted yesterday. Both stories from the business section of Yahoo News - seperated by 1 day.

What the fuck is that?

** update **

Oh.. I see the issue. One story is from Reuters and the other from the AP. One or the other is completely retarded.

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