US Pending Home Sales Posts Surprise Increase
The National Association of Realtors released its seasonally-adjusted index of pending sales for previously owned homes which indicated an increase of 6.3 percent for the month of December to 87.7. More
GM Sales Fall by 49% – Ford, Toyota, and Honda Also Down
Sales of General Motors vehicles in the US fell 49 percent in January compared to Ford’s 40 percent decrease. Toyota and Honda recorded sales reductions of 32 percent and 28 percent respectively. More
More Than 19 Million Empty Homes in US
With rising foreclosures and emptying rental units, a record 19 million homes remained unoccupied in the US throughout 2008. The vacancy rate rose to 2.9 percent in the final quarter of 2008 which is the highest since vacancy records were first kept starting in 1956. More
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