Existing Home Sales Drop To 6.62M Rate in June

Ackerman, Andrew
July 2006
Bond Buyer;7/26/2006, Vol. 357 Issue 32431, p2
Trade Publication
The article reports that existing home sales in the U.S. decreased slightly for the third straight month, declining by 1.3 percent in June 2006 to a seasonally adjusted annual rate of 6.62 million units. Meanwhile, the inventory of houses on the market remained at a record high in a period of nine years. These data were revealed by the National Association of Realtors.


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