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Existing homes sales down 2.7 percent in August; Median home prices drop 2.0 pecent for month

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales in August dropped 2.7 percent to a seasonally adjusted rate of 5.1 million units down from a level of 5.24 million units in July.  This drop follows four-consecutive months of increases in the pace of existing home sales and, if we [...]

Home Sales rose 7.2 percent in July

Dennis Norman

According to the latest report released today from the National Association of REALTORS(R), existing home sales in July rose 7.2 percent to a seasonally adjusted rate of 5.24 million units up from a level of 4.89 million units in June.  Home sales data for July 2009 represents a 5.0 percent increase over home [...]