ECONOMIC INDICATOR: New-home sales hit 2nd-highest level in history

Mark my words: this will end badly. Here in the Bay Area, I don't know anybody who has purchased a home that is even remotely within their means in the past year or so.

Sales of new homes in May climbed to the second-highest level in history, but the median sales price fell sharply, the government reported Friday.

Link: BRIEFS.(Business)