Glass is half full [Real Estate Journal]
“Recent housing market indicators have yet to show sustained cooling of the red-hot activity in recent years. Existing-home sales were reported unchanged in September at nearly record-high levels, and housing construction staged a surprising rebound during the month” [REJ]
Glass is half empty [USA Today]
“There are signs that the overheated market might finally be cooling. The Commerce Department, for example, said sales of new homes in September fell shy of expectations, median prices declined 5.7%, and the number of new homes for sale shot up to a record 493,000. Freddie Mac also said October mortgage applications seem to be “tapering off.””[USA Today]
Information is a good thing, but its open to interpretation. Herein lies the problem.