Sales of existing homes fell 2.9 percent in July, the National Association of Realtors reported Aug. 24.(Briefly Noted)(Brief Article)

From: Land Use Law Report | Date: August 25, 2004 | Copyright information

SALES OF EXISTING HOMES fell 2.9 percent in July, the National Association of Realtors reported Aug. 24. Nevertheless, sales were 8.6 percent above the pace of July 2003. Declining interest rates should keep home sales at historically high levels in the coming months, David Lereah, the association's chief economist, commented. The national average rate for a 3...

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