Sales of existing homes were hit with their first monthly decline since July as October sales fell 2.2% to a seasonally adjusted 4.43 million-unit annual rate. However, the drop isn’t too surprising, given the usual seasonal cooling of home sales in the fall.
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Existing-Home Sales Slid 2.2% in October originally appeared on DailyFinance on Tue, 23 Nov 2010 12:05:00.
Filed Under: Economy, Real Estate