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USA Today
Posted: Mon, Sep 25 2006, 10:45 am EDT
Post subject: Existing home sales fall again in August
Existing home sales fall again in August; first year-over-year price decline in 11 years
Posted 9/25/2006 10:12 AM ET
WASHINGTON (AP) — Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.
The National Association of Realtors reported Monday that existing home sales slipped 0.5% to a seasonally adjusted annual rate of 6.30 million units.
The slowdown in sales weighed on home prices, with the median price of an existing home sold in August dropping to $225,000, 1.7% below August 2005. It marked the first year-over-year price decline in more than 11 years.
http://www.usatoday.com/money/economy/housing/2006-09-25-existing_x.htm