« Mortgage Rates Virtually Unchanged From Previous Week | Home | Housing News Turns The Stock Market To Mush »

Home Prices Hold Their Own As Existing Home Sales Fall

By admin | July 26, 2007

There was mongrel info on the existing housing winning b open in last month. The monthly size up by the inhabitant Association of Realtors (NAR) ® showed the sales of existing homes, including single-family houses, townhouses, condos, and co-ops declined 3.8 percent off of the pace in May to a seasonally adjusted annual place of 5.75 million units. This is a fall of 11.4 percent from annualized June 2006 sales of 6.49 million units.

"Home buyers have been getting mixed signals about the housing market, which is causing some of them to stall," Lawrence Yun, NAR senior economist, said. Two dazzling spots in the June turn up are...

Read More things being what they are

Topics: Mortgage News |

Comments are closed.