Hans
09-25-2007, 06:49 PM
Hey Crusty, now is the time to settle down across Speedy's!
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Housing markets continued to slump across the nation in August as the number of existing homes sold dropped for the sixth straight month to their lowest level in five years, according to the latest report from the National Association of Realtors.
Sales fell 4.3 percent from July to a seasonally adjusted annualized rate of 5.50 million. Sales have fallen 12.8 percent since last August's pace of 6.31 million homes.
The slump pushed up the inventory glut to 4.58 million existing homes, an all-time high. There is now a 10-month supply of homes on the market at the present rate of sales.
http://money.cnn.com/2007/09/25/real_estate/low_existing_home_sales/index.htm?cnn=yes
/ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif
Housing markets continued to slump across the nation in August as the number of existing homes sold dropped for the sixth straight month to their lowest level in five years, according to the latest report from the National Association of Realtors.
Sales fell 4.3 percent from July to a seasonally adjusted annualized rate of 5.50 million. Sales have fallen 12.8 percent since last August's pace of 6.31 million homes.
The slump pushed up the inventory glut to 4.58 million existing homes, an all-time high. There is now a 10-month supply of homes on the market at the present rate of sales.
http://money.cnn.com/2007/09/25/real_estate/low_existing_home_sales/index.htm?cnn=yes