Wednesday, August 15, 2007

Existing Home Sales Fall in 41 States: Financial News - Yahoo! Finance
As the owner of an "existing home," I was wondering if there is such a thing as a "non-existing home." But in any event: ouch.

The new figures from the National Association of Realtors underscored the severity of the current housing slump, the worst downturn in 16 years. However, Realtors officials said they saw some glimmers of hope in the data. They noted that existing home prices were up in 97 of the 149 metropolitan areas surveyed compared with the sales prices of a year ago.

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