Existing Home Sales Drop Again
Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing homes sold during the year but this was 12.8 percent fewer units
than the 6,478,000 sold in 2006.
Lawrence Yun, NAR chief economist, said, “Home sales
remain weak despite improved affordability conditions in many parts of
the country, but we…
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