Existing home sales slide 2.2% in August
Current Events, Meltdown, National Association of Realtors | (0)
From the Atlanta Investor Wire:
The sales of existing homes fell again in August after a slight gain in July according to the latest report by the National Association of Realtors.
Nationwide, last month’s home sales fell 2.2 percent from July and were 10.7 percent below August 2007.
The national median existing home price also fell in the past year from $224,400 to $203,100 – a drop of 9.5 percent.
In the south, existing home sales actually increased 0.5 percent, but were still 15.1 percent off of last year’s pace. The median home price was $176,500, which is 3.4 percent lower than August of ...