Week Through 9/25/09 Arlington homes data
Posted by Super Admin on Sunday, September 27th, 2009 at 1:37pm.Sep 21 – For the fifth consecutive month, indicators have as the recession appears to be bottoming out and a recovery is very near.
Sep 24 – Federal Reserve Chairman Bernanke announced that it would extend its program to buy mortgage-backed securities into the first quarter of 2010 from December. He confirmed that the conditions would warrant continuing to keep short-term interest rates low for an extended period of time.
Sep 24 – Existing home sales dropped 2.7% in August, the first decline in five months. Nationally, the supply of unsold homes stood at 8.5-months, the lowest since April 2007. Locally, inventories continue to remain low.
Sep 25 – The recovery in the manufacturing sector stumbled in August, as a big decline in orders for new airplanes pushed durable goods orders to 2.4%, the largest decline since January.
Sep 25 – Despite a record drop in prices, sales of new homes flattened out in August after four months of strong increases. The median sales price fell a record 9.5% from July to August. Inventories of unsold new homes are now to their lowest level in 17 years.
Sep 25 - Oil closed the week at $66.02, from $72.04 last Friday.
Arlington Va homes for sale continue to rebound and remain solid. I would be happy to provide you with the service you need to sell your home.
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