Thursday, Sep 24, 2009

The report breaks a four-month streak of increases with a dip of 2.7% in August.

Money cnn: Existing home sales slide unexpectedly

"This is an unpleasant surprise," said Ian Shepherdson, economist at High Frequency Economics, in a research note.
The NAR report said August home sales hit a seasonally-adjusted annual rate of 5.1 million units, down from 5.24 million in July. That's well below the analyst consensus estimate of 5.35 million annual units compiled by

Posted by mark @ 07:18 PM (720 views)
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