Industry NewsMarkets & Economy

Sales pace of resale homes slips 8.6%

November's median price plunges 13.2% year-over-year
Published on Dec 23, 2008

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by CareyBot

The sales rate of existing homes dropped a record 8.6 percent in November, hitting an 11-year low at 4.49 million, according to National Association of Realtors statistics released today, and the sales rate was off 10.6 percent from November 2007. ...