existing home sales: Existing Home Sales Fall To 8-Month Low
- 07/21/11 02:17 PM
<!-- .entry-meta --> Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. The Existing Home Sales posted a 1 percent drop from May as the number of homes sold fell to a seasonally-adjusted, annualized 4.77 million units. It’s the monthly report’s lowest reading since November 2010. The report also showed the national supply of homes for sales rising to 9.5 months — also its highest reading since November 2010. Home Supply is the amount of time it would take to exhaust the complete home inventory at the current pace of sales. … (1 comments)
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