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July 30, 2007
Housing Sales In Trouble (Red flag)
NEWSWEEK - Friday July 27, 8:08 am By Maya Roney
First, it was the second half of 2007. Then it was 2008. Now analysts are saying the national housing market may not rebound until 2009. On July 25, the National Association of Realtors reported that sales of existing homes fell 3.8% in June to a seasonally adjusted annual rate of 5.75 million units, contributing to the bleak-and-getting-bleaker outlook.
Posted by Post Scripts at July 30, 2007 05:02 PM