Existing Home Sales Level Out After Long Decline

Home / Blog / Existing Home Sales Level Out After Long Decline

Posted To: MND NewsWire

It was a disappointment, but at least it wasn't a loss. Existing home sales, which were expected to increase in August after four straight months of declines instead remained unchanged from July. In fact, almost the entire report on August's existing home sales can be summarized by the word, "flat." Said sales of single-family homes, townhouses, condos, and cooperative apartments were at the seasonally adjusted rate of 5.34 million, identical to the July rate. Sales in July had fallen 1.5 percent below those from a year earlier, and that too was unchanged in the August to August comparisons. Existing home sales were selling at an annual rate of 5.42 million in August of last year. Econoday said the analysts it polls were expecting at least a modest increase after months of lagging sales analysts...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

4f437d48 d154 4fce a17c 824519f1a7ac 6cd770da a1b6 42de 8f47 6f506b4aed6a 2d21231c f374 40ce 91d9 5277fb0fe0e5 f2b016b5 bb99 4731 bf57 496467bfef4a 316dff49 ef4d 434f 86a6 f786ac993fc0 49741b97 ef98 4119 a225 235557458c35 16f0929a 8df1 4460 ac47 8c5e4cc58554 438f91ce 5eef 4e49 9140 edd3b64dbc99 07fda4b9 6289 4a0a b164 3434547e0bdf 3394d9f7 102d 42ce a622 34334219bf01 dca8a255 e311 47d9 9c5b bd41f964c734 368c1fe5 d1c2 4140 a09b c5cf0b3dcd53 e0cb5666 0169 45ab 92e7 5cb8d11d15ac 39f86c84 a53b 404d abdc c0f96552bd92 41d24790 32dd 41a4 904e c6ed4a97bbc0 e57eedb6 dd62 42cf a9c3 ff6e19e15e78 b3c27b26 a6a3 42e6 b419 22b2ef6ba40d 5ee94ed9 de1c 48da 8b74 0fa597b72c21 ac9735e4 f91a 4af2 a4f5 b153e3c5b307 9bb3eff6 3b39 49f6 9013 31dba557ed88 37138347 4b9f 4a26 a2c3 f86b41ddbe89 75082451 234a 44a4 819e 7a9a265d59a3 c618127e 6257 46f2 8625 f1c88f334a9e