Latest new home sales

http://finance.yahoo.com/news/April-new-home-sales-rise-03-apf-15369807.html?sec=topStories&pos=3&asset=&ccode= "The Commerce Department said Thursday that sales rose 0.3 percent in April to a seasonally adjusted annual rate of 352,000." "The median sales price fell to $209,700, down almost 15 percent drop from a year earlier, but up nearly 4 percent from March." "We aren't seeing a... [more]

http://finance.yahoo.com/news/April-new-home-sales-rise-03-apf-15369807.html?sec=topStories&pos=3&asset=&ccode= "The Commerce Department said Thursday that sales rose 0.3 percent in April to a seasonally adjusted annual rate of 352,000." "The median sales price fell to $209,700, down almost 15 percent drop from a year earlier, but up nearly 4 percent from March." "We aren't seeing a huge upswing in market conditions, but we aren't seeing things fall apart again, either," wrote Mike Larson, real estate analyst at Weiss Research." So, things are falling apart again...if that's the case, how do you expect new developments to be priced 20-30% lower by year end or even next year? The bears need the final shoe to drop here....or else... [less]