Industry News

October home sales plummet, inventory soars

NAR: Supply of single-family resale homes at 22-year high
Published on Nov 28, 2007

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by CareyBot

The U.S. sales rate for previously owned homes fell for the eighth consecutive month in October, the National Association of Realtors reported today, while inventory levels climbed for the ninth consecutive month. For-sale inventory of previously owned single-family homes reached ...