Pace of new home sales second slowest on record

   The AP article which is tied to the headline listed above begins with:

"New homes sold at the second-slowest pace on record in August, signaling that the housing market will remain a drag on the economy."

   I guess printing news stories that state the obvious are good because they remind everyone that the real estate market continues to be in a funk and that no one should get their speculative juices boiling yet. The return of manic real estate speculation isn't coming back for at least another decade. During the course of the next decade when price appreciation in real estate is kept in check, credit-worthy young families looking to buy their first home should be able to afford said home without breaking the bank. That's how it should be and perhaps the death of the real estate market is a good thing in that it allows people who want to buy a home and live in it (instead of flipping it), are able to raise their families in a house of their own.