News
House sales and prices stabilising
Tuesday 13th of November 2007
Deutsche Bank economist Darren Gibbs thinks the level of sales is insufficient to clear new listings and the median number of days to sell a house is rising. As a result, house prices have stabilised over the past six months, he says.
The bank’s October report shows sales rose 16.3% month on month (mom) in October but fell 22.6% year on year. “We estimate that sales rose 3% mo...
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