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http://www.breitbart.com/article.php?id=071024152444.1bd2qxem&show_article=1
US home sales fall to fresh lows, glut of unsold homes rises
US existing home sales fell 8.0 percent in September as a persistent housing slump continued to weigh on the property market and the world's biggest economy, an industry group said Wednesday.
The National Association of Realtors (NAR) said in a monthly snapshot that sales of existing homes and apartments tumbled to a seasonally adjusted rate of 5.04 million units in September from 5.48 million in August.
The drop was worse than expected. Most economists had only expected sales to decline to around 5.25 million.
more at link...
http://www.breitbart.com/article.php?id=071024152444.1bd2qxem&show_article=1
US home sales fall to fresh lows, glut of unsold homes rises
US existing home sales fell 8.0 percent in September as a persistent housing slump continued to weigh on the property market and the world's biggest economy, an industry group said Wednesday.
The National Association of Realtors (NAR) said in a monthly snapshot that sales of existing homes and apartments tumbled to a seasonally adjusted rate of 5.04 million units in September from 5.48 million in August.
The drop was worse than expected. Most economists had only expected sales to decline to around 5.25 million.
more at link...
