Existing home sales dive to 15-year low (How is Hope and Change Working for you?)
This does not come to us as a surprise. We know it is noise and no action. According to Reuters, existing home sales falls to a 15 year low.
The National Association of Realtors said sales dropped a record 27.2% from June to an annual rate of 3.83 million units, the lowest level since May 1995. June’s sales pace was revised down to a 5.26 million-unit pace.
Analysts polled by Reuters expected existing home sales to tumble 12% to a 4.70 million-unit pace from the previously reported 5.37 million units in JuneRead more at Fox Business
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