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September 25, 2006
Home Sales Fall Again
©Associated Press, 2006
Home Sales Fall Again
First year-over-year decline in more than 11 years...
The Associatied Press reported today that Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.
The National Association of Realtors released figures showing existing home sales slipped by 0.5 percent to a seasonally adjusted annual rate of 6.30 million units.
The slowdown in sales was weighing on home prices, with the median price of an existing home sold in August dropping to $225,000, 1.7 percent below August 2005. It marked the first year-over-year price decline in more than 11 years.
Read the entire story here
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Jeff Hoffman is the President of Hoffman Realty Group, Inc. and has assisted thousands of sellers and buyers during his real estate career. He is the creator of a powerful home selling system designed for the home seller not the real estate agent. To learn more about this amazing program visit Smart Seller Listing Home Marketing System
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