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follow tovarichpeter 2015 Sep 21, 9:20am
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Sales of previously owned U.S. homes fell more than forecast in August as lean inventories slowed this years momentum. Closings, which usually take place a month or two after a contract is signed, declined 4.8 percent to a 5.31 million annual rate from a revised 5.58 million pace that was the strongest since 2007, the National Association of Realtors reported Monday. Prices climbed and the number of homes on the market decreased from the same time a year ago. Limited availability of homes on the market is making it difficult for some Americans to take advantage of low interest rates...
Why would home sales fall if the economy is booming?