Existing Homes Sales Up in May
June 26, 2008
Existing homes sales are up for the month of May by 2%. Great news for many parts of the country that are suffering through a tough real estate market. And another bit of good news - the amount of inventory (the homes that are for sale that are currently on the market), declined by 1.4%. Its not all roses though; The median prices for those existing homes declined by over 6% from the same time last year in 2007.
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