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Existing Home Sales Renew Declines

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 22, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Sales of existing homes declined to an annual pace of 4.93M homes, with single-family residences leading the declines. Months’ supply of homes moved higher to 9.9 months, while actual inventories moved up to 4.06M units. Inventory has been sticky in the existing market this year; a correction is still a...

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