NewsMine — economy — united-states — 2007-jan-may — Viewing Item

Existing home sales fall 8 percent { March 2007 } Original Source Link: (May no longer be active)    http://www.reuters.com/article/businessNews/idUSN2440084620070424 http://www.reuters.com/article/businessNews/idUSN2440084620070424 Existing home sales fall 8.4 pct in March Tue Apr 24, 2007 10:16AM EDT WASHINGTON (Reuters) - The pace of sales of existing homes in the United States dropped sharply in March to a 6.12 million-unit annual rate, the National Association of Realtors said in a report Tuesday that showed more weakness than analysts had expected. Sales were off 8.4 percent from February, the sharpest drop since a 12.6 percent drop in January 1989. Economists polled by Reuters were expecting home sales to slip to a 6.45 million unit rate from the 6.69 million unit pace originally reported for February. The February sales pace was revised to a 6.68 million unit pace. The inventory of homes for sale fell 1.6 percent to 3.745 million units. But because the pace of sales was anemic, the supply in terms of months' worth of sales was pushed up to 7.3 months from 6.8 in February. March's figure was the highest since October's 7.4 months. March saw the 8th consecutive drop in existing home prices, with the national median existing home price down 0.3 percent from a year ago to $217,000. © Reuters 2006

Almost 7m kids die a year from hunger Anxiety over housing market pulls down stocks { March 28 2007 } Credit counselors overwhelmed by mortgage crisis Dollar drops under half british pound { March 2007 } Dollar may fall on weak manufacturing { December 2007 } Dollar nears record low against euro { March 2007 } Dow fell over 500 points { January 2007 } Dow hits 12800 record high { March 2007 } Existing home sales fall 8 percent { March 2007 } Factory orders plunge { March 6 2007 } Gold selloff continues to cover equity losses { February 2007 } Greenspan warns of US recession { January 2007 } Hershey cuts jobs builds plant in mexico { January 2007 } Home prices to fall for first time since great depression { April 12 2007 } Investers sell gold to recover market losses { January 2007 } January 2007 new homes sales fall 17 percent Jobless numbers highest in weeks { December 2007 } Late mortgage payments up forclosures surge { March 14 2007 } Retail sales fell sharply last month { May 11 2007 } Soaring rates risks 2m american homes { March 14 2007 } Stocks plummet on subprime concerns Trade deficit with china reaches record 214b { January 10 2007 } US food prices spiked { March 2007 } US productivity growth behind EU for first time { December 2007 } Wallstreet plummets after chinese stocks drop { January 2007 } Files Listed: 25

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.