Thursday, September 24, 2009

Existing-Home Sales Decline Unexpectedly; Market Weak - Real Estate * US * News * Story - CNBC.com

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."

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More evidence that the ballyhooed "recovery" may be the middle hump on a W.

1 comment:

Anonymous said...

Goes to show it's got W's name all over it...and started on his watch.