April 2005
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p9
The article presents report from the National Association of Realtors that existing home sales slipped in February but remained above year-ago levels, while home prices rose at double-digit rates. Total existing-home sales, including single-family homes, town homes, condominiums and co-ops, were down 0.4 percent in February, to a seasonally adjusted annual rate of 6.79 million from an upwardly revised pace of 6.82 million in January. Total housing inventory levels rose 10.7 percent at the end of February with 2.38 million existing homes available for sale, which represents a 4.2-month supply at the current sales.


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