December 23, 2011

REAL ESTATE: Fewer Than 500 New Homes Sold In Over $750,000 Bracket For 4th Month In A Row. Wow. “One thing becomes apparent when looking at the price range breakdown in the just released latest New Home Sales breakdown – the quality, or rather price, of homes sold continues to deteriorate.” I’ll say.

UPDATE: Reader Gregory Hill writes: “Doesn’t this demonstrate, yet again, that the rich are not getting richer during this downturn? Wouldn’t we be seeing significantly higher numbers than this if the OWS protesters were right? Maybe I’m missing something here, but this seems like a pretty damning statistic.”

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