EPISODE · Sep 9, 2008 · 4 MIN
Chen: Home sales will remain 'flat'
from MarketWatch Real Estate Round-up · host MarketWatch.com
As we head into the fall, "home sales are going to be rather flat." That's how Celia Chen, the director of housing economics at Moody's Economy.com, interprets the July Pending Home Sales report. She tells Steve Potisk, "given the trends of the last 5 or 6 months," the index suggests sales that are bouncing along the bottom.
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