Jason Thoele's Blog - Archives January, 2008

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Home : Blogs : Jason Thoele : Jason Thoele's Blog : Archives January, 2008

Existing home sales edge up 0.4% in November - 01/05/08 02:42 AM

By Jeannine Aversa, AP Economics WriterWASHINGTON - Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.The National Association of Realtors reported Monday that sales of existing single-family homes, condominiums and townhouses rose 0.4% in November from October, to a seasonally adjusted annual rate of 5 million units. Over the last 12 months, however, existing home sales have plunged 20%, underscoring the troubles in the housing sector.
Economists were calling for sales to either move up slightly or hold steady for November.
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