This just in...New home sales showed strength in a rise of 23% after showing a disappointing decline of 30% in August. The law of supply and demand states that if prices drop enough, people will buy. The profit margin for home builders have dropped significantly, yet interested buyers are waiting to take advantage of the weakness in home prices.
For more information and the complete story from Xinhua click here.
Wishing You Wealth in all its Greatest Forms
Alex
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