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Home Sales Plunge by 8 Percent
Wednesday October 24, 10:19 am ET
By Martin Crutsinger, AP Economics Writer
Sales of Existing Homes Fall by Largest Amount on Record in September
WASHINGTON (AP) -- Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.
The National Association of Realtors reported Wednesday that sales of existing homes fell 8 percent in September, the largest decline to show up in records dating to 1999. The seasonally adjusted annual sales rate of 5.04 million existing homes was also the slowest pace on record.
-Jim
Carry a pocket knife ,wear steel toe boots and always make sure that you have the advantage or these savage simians will fuck you up! -- "White Minority" from VNNForum
“To destroy is always the first step in any creation.”
-E.E.Cummings
-New Paltz, NY Mayor Jason West 08/18/2004
Posted : 24/10/2007 7:21 am