Tuesday, December 23, 2008

Existing Home Sale Decline Sharply in November

by Calculated Risk on 12/23/2008 10:00:00 AM

The NAR reported this morning that existing home sales were at a 4.49 million rate in November, 8.6% below the 4.91 million rate in October.

The months of supply increased to 11.2 months. I'll have some charts shortly (New Home sales is being released today too).