Some housing bubble news from Wall Street and Washington. “Purchases of new homes in the U.S. unexpectedly surged in April by the most in 14 years, ignited by the biggest decline in median prices since 1970. Compared with a year earlier, new home sales were down 11 percent, today’s report showed.”
“The median price of a new home dropped 11 percent last month, the biggest decline since 1970, to $229,100 from $257,000 a year earlier, today’s report showed.”
So, is the glass half full or half empty?
