Silvia Sees Homebuyers Starting to Look for 'Bargains'

John Silvia, chief economist at Wachovia Corp., talks with Bloomberg's Monica Bertran from Charlotte, North Carolina, about U.S. June pending home sales data released today, the U.S. economy, and the outlook for consumer spending and inflation. U.S. pending sales of previously owned homes unexpectedly rose 5.3 percent in June after a revised 4.9 percent decline in May as buyers swept up foreclosed and lower-priced properties. (Source: Bloomberg)

Bloomberg | August 7, 2008

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