Tuesday, August 24, 2010

Sobering News. Existing-home sales plunge 27.2% Inventory of unsold homes jumps to 11-year high

The National Association of Realtors said existing-home sales fell to a seasonally adjusted annual rate of 3.83 million in July from 5.26 million the month before. Sales of single-family homes fell to the lowest rate in 15 years.

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