Yahoo Finance’s Adam Shapiro Discusses Real Estate Rebound in a Dire Economy
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Adam Shapiro. Shapiro is an anchor at Yahoo Finance and a regular on the Price of Business.
“A day after existing home sales data for May disappointed, new home sales data topped expectations.
“Suggesting the housing market did indeed bottom in March and April as buyers appear eager to step in.
“In May, new home sales rose some 16.6% to an annualized pace of 676,000 units, according to data published Tuesday. Economists had expected new home sales in May to hit an annualized rate of 640,000.
“Unlike Monday’s existing home sales data, which only tracks closings on previously signed contracts, new home sales counts signings for home purchases. And so whereas existing home sales data tends to be a lagging indicator of the health of the housing market, new home sales are a leading indicator.
“And the data suggest a big recovery in the housing market has taken place over the last several weeks.”
Adam Shapiro is the anchor of the Yahoo Finance daily show, “On the Move.” He is an Emmy Award winning journalist and former Fox Business correspondent. He is a regular guest on the Price of Business show. Learn more at www.YahooFinance.com.
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. He is Editor at Large for this site. Learn more about the show and its digital partners at www.PriceofBusiness.com.
CHECK OUT ADAM SHAPIRO’S VISITS ON THE PRICE OF BUSINESS SHOW HERE
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE
