| | | Existing Home Sales Don't Signal Market Normalization, Economists Say | | | Mon, 25 Aug 2008 10:52:26 EST
Economists say the larger-than-expected rise in July existing home sales doesn't necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward.
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| CNBC Aug 25, 2008. 10:00 AM EST A look at the housing numbers, with Lawrence Yun, National Association of Realtors senior forecast economist. |
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