-->The backlog of unsold new homes reached a record level last month, as sales slipped despite the warmest January in more than 100 years.

Ian Shepherdson, chief U.S. economist at High Frequency Economics, predicted"real downward pressure on prices over the next few months."
<ul> ~ http://www.mercurynews.com/mld/mercurynews/business/financial_markets/13973980.h</ul>