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Existing Home Sales Tumbled in June

Posted by Louis Navellier on 7/24/08 8:12 am

11.1 months’ inventory of unsold homes is scary.  I’m in Southern California right now, and folks here are freaked about how fast home prices are falling, and their negative equity in many cases.  Nationally, existing home sales were down 15.6% y/y and median single family prices were down 6.1% y/y.  Read More.

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