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July Existing Home Sales: Record Inventory
Posted on August 25, 2008
From NAR: July Existing-Home Sales Show Gain Existing-home sales including single-family, townhomes, condominiums and co-ops increased 3.1 percent to a seasonally adjusted annual rate of 5.00 million units in July from a downwardly revised level of 4.85 million in June, but are 13.2 percent lower than the 5.76 million-unit pace in July 2007....Total housing inventory at the end of July...
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Tags:
housing , housing inventory default explanation
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