Existing home sales slip
August 27th, 2007, 5:04 pm · Post a Comment · posted by mistywilliams
Sales of existing homes across the country slipped less than half a percent last month, as the beleaguered real estate market continued to face tightened lending standards and wary buyers.Sales fell 0.2 percent to a seasonally adjusted annual rate of 5.75 million units in July. That’s also 9 percent below July 2007 numbers.The national median home price was $228,900, down 0.6 percent from July 2006.
