Tuesday, August 29, 2006

Marketwatch.com - "Existing-home sales plunge to a two-year low" (8-23-06)

"Inventories of unsold homes rise to 13-year high"


"July was dry for the U.S. real estate market, as sales of existing homes plunged 4.1% to a two-year low, prices stagnated and the number of homes on the market soared to a 13-year high, according to a report from the National Association of Realtors released Wednesday."

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