Existing-Home Sales Decline Unexpectedly; Market Weak - Real Estate * US * News * Story - CNBC.com: "The National Association of Realtors said Thursday that sales dropped 2.7 percent to a seasonally adjusted annual rate of 5.1 million in August, from a pace of 5.24 million in July.
Sales, which were still up 3.4 percent from a year earlier, had been expected to rise to an annual pace of 5.35 million, according to economists surveyed by Thomson Reuters."
----------
More evidence that the ballyhooed "recovery" may be the middle hump on a W.
1 comment:
Goes to show it's got W's name all over it...and started on his watch.
Post a Comment