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But when prices fall, banks pull out, amplifying the bust.There are plenty of symptoms of a bubble mentality in the United States, not least the surge in the turnover of existing homes to a record rate of 9% this year.
Sales of new homes unexpectedly fell by 3.6% in September but sales of existing homes surged by 9.4%.
In housing, sales of existing homes surged a larger-than-expected 5.5percentt in October, to an annual pace of 5.17 million units from a 4.9 million rate in September, the National Association of Realtors said.
[C7.] Consumer Confidence Decreases The Conference Board reported that its index of consumer confidence fell unexpectedly, to 82.2 this month from 85.3 in October, but housing was a surprise bright spot in the economy in October, when sales of existing homes surged a 5.5percentt, according to the National Association of Realtors.
If a surge in demand pushes the price of existing property above its replacement cost, developers have an incentive to build more.
The re-groupment of demobilized children in criminal groups, the surge of new illegal armed actors and the strengthening of existing ones in areas evacuated by demobilized groups remain of serious concern.
Sales of existing homes fell even faster.
"It is a reflection of existing problems".
It is symptomatic of existing insecurities.
One is on retention of existing clients.
The productivity of existing companies might rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com