October 26, 2006
US Home Sales Drop 1.9 Percent
US Home Sales Drop 1.9 Percent
US existing home sales fell last month for the sixth month running, owing to caution among buyers with prices still in decline, realtors have said.
The National Association of Realtors (NAR) said September sales slowed by 1.9 percent to a seasonally adjusted 6.18 million units. Most economists had anticipated sales to drop by less, to 6.25 million units.
Sales fell from the 6.30 million unit pace recorded in August and were also down 14.2 percent from September 2005.
Filed under Most Recent Post, News by Buyer's Broker
Leave a Comment