Detailed text transcripts for TV channel - FOXNEWS - 20120625:23:15:00
Commerce department reports new home sales jumped 7.5% from april to may. americans are buying new homes at a pace we haven't seen in two years. to what do we credit this? >> well, i don't know. low interest rates? everybody has been struggling for an answer because the market has been so bad. i welcome any good news. unfortunately, the richmond fed president jeff lacker told our peter barnes is he not too optimistic. here is what he said. >> i think it's just going to take time. we have built more houses. and we have more houses on hand than we want at current prices and current income. the c...
Source: news source