Industry News

Existing-home sales dive 12.8% in August

NAR attributes decline to temporary mortgage problems
Published on Sep 25, 2007

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by CareyBot

Existing-home sales dropped in August when mortgage availability problems were peaking, according to the National Association of Realtors. Total existing-home sales — including single-family, townhomes, condominiums and co-ops — were down 12.8 percent to a seasonally adjusted annual rate of ...