Existing Home Sales Fall To 8-Month Low

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Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

Existing Home Supply June 2010-June 2011

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 .....

 

Read the COMPLETE BLOG POST HERE:

Existing Home Sales Fall To 8-Month Low

 

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Rainmaker
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David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Interesting statistics but I really believe real estate is a related to local conditions.

Jul 27, 2011 11:48 PM #1
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Rainmaker
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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

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