Thursday, August 25, 2005

Housing debate: Is boom still on or is it flattening?
On Tuesday, some analysts said the boom was definitively going south, based on a report from the National Association of Realtors that sales of existing homes slipped 2.6 percent from June to July.

Yesterday, however, the Commerce Department reported that new-home sales hit a record high last month, up 6.5 percent from June. That sent some pontificators the opposite way, saying the boom lives on.

What's going on? Is a housing "bubble" about to burst or not?

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