首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Sales of existing homes rose by the largest amount in more than 5 years in September. But analysts cautioned against reading too
Sales of existing homes rose by the largest amount in more than 5 years in September. But analysts cautioned against reading too
admin
2022-07-29
79
问题
Sales of existing homes rose by the largest amount in more than 5 years in September. But analysts cautioned against reading too much into the gain, noting that it reflected conditions before the latest upheaval in financial markets increased the likelihood of a recession in the overall economy.
The National Association of Realtors reported that sales of existing homes rose by 5.5 percent from August to September to a seasonally adjusted annual rate of 5.18 million units—far better than the depressed results analysts had expected. On an unadjusted basis, sales were up 7.8 percent from September last year.
But even with the gain in sales, prices kept falling. But analysts said that the current financial crisis, which has contributed to the biggest upheavals on Wall Street since the 1930s, was sending consumer confidence down, unemployment up and had greatly increased the prospects that the country was either in or about to enter a full-blown recession. All these factors were expected to add to the headwinds hitting housing in the months ahead.
"In October, mortgage applications sank to six-year lows," said Sal Guatieri, an economist at BMO Capital Markets. "This suggests house sales, like the rest of the economy, fell off a cliff because of the worsening credit crunch."
Many analysts are predicting that home prices already down 18 percent nationally from their peak in mid-2006—could decline another 10 percent, as a continued glut of foreclosed homes being poured into the market depresses prices further.
The National Association of Realtors estimated that 35 percent to 40 percent of sales currently are
distressed sales
—either foreclosed homes or short sales in which the owner is selling the house for less than the value of the mortgage.
Distressed sales are having a big impact in lowering prices in some formerly red-hot sales markets in such regions as the West, where sales prices fell in September by 18.5 percent from a year ago.
Lawrence Yun, chief economist for the Realtors, said there were some glimmers of hope that the bottom of the housing slump may be near. He said a sales turnaround first seen in California was beginning to broaden to other regions of the country including Colorado, Kansas, Minnesota, Missouri, and Rhode Island.
We can infer from Paragraph 5 that________.
选项
A、home prices have fallen down 28% compared with what’s in mid-2006
B、many foreclosed homes have been abandoned by their former owners
C、home prices might fall down 28% from their peak in mid-2006 in the future
D、more foreclosed homes have been abandoned because of the falling price
答案
C
解析
本题题干没有关键词,属于段落定位题,直接定位到第五段。-根据第五段第一句话可知,与2006年年中的峰值(their peak in mid-2006)相比,全国范围内已经下降了18%(already down 18 percent)的房价可能会继续下跌10%(decline another 10 percent),也就是说房价将来可能从20068:年中的峰值下降28%,所以选项C与原文含义相同,为正确答案。选项A的时态是现在完成时,但下降28%只是分析人士预测的情况,因此该选项偷换概念。根据第五段第一句话,大量取消赎回权的房屋被持续不断地抛向市场(foreclosed homes being poured into the market),但并不意味着这些房屋被抛弃了,所以选项B和选项D为无中生有。第五段:由于大量取消赎回权的房屋被持续不断地抛向市场,房价会进一步下跌。
转载请注明原文地址:https://kaotiyun.com/show/eRi4777K
0
考研英语二
相关试题推荐
Pricesarcsky-high,withprofitstomatch.Butlookingfurtherahead,theindustryfaceswrenchingchange,saysanexpertofen
Mosthumanbeingsactuallydecidebeforetheythink.Whenanyhumanbeing—executive,specializedexpert,orpersoninthestreet
WetendtothinkofthedecadesimmediatelyfollowingWorldWarIIasatimeofprosperityandgrowth,withsoldiersreturningh
In2010,afederaljudgeshookAmerica’sbiotechindustrytoitscore.CompanieshadwonpatentsforisolatedDNAfordecades--b
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
Theteamplayedhardbecausethechampionshipofthestatewas______.
Howbesttosolvethepollutionproblemsofacitysunksodeepwithinsulfurouscloudsthatitwasdescribedashellonearth?
随机试题
______aftertheSecondWorldWarthattestpilotsfirstattemptedtobreakthesoundbarrier.
圆锥角膜
麝香的服用方法是
在CT定位确定靶区时,下列一般不需要考虑的是
A.黄连B.黄芩C.黄柏D.苦参E.土茯苓善治肺热咳喘的药是
须采取有效方式在15个工作日内快速报告主要报告该药品引起的严重、罕见或新的不良反应
关于钻孔灌注桩基础施工安全控制要点的说法,错误的是()。
A公司为增值税一般纳税人,2018年6月发生与应付款项有关的经济业务如下:(1)6月2日,预收甲公司购货定金100万元,并于当日送存银行。(2)6月6日,从乙公司处购入工程物资一批,当日工程物资款共计255万元,款项尚未支付。(3)6月1
典型的古典主义风格《台阶上的圣母》是()的作品。
黑长尾猴在发现附近有食肉动物时,会用惊叫声通知同伴。根据危险是来自陆地还是来自空中,黑长尾猴会发出不同的惊叫声。如果以下哪项陈述为真,最有助于解释黑长尾猴的上述行为?
最新回复
(
0
)