home homeowners about us contact us site map
  

Thursday, February 14, 2008

New data reveal breadth of housing slump

Data show existing home sales lower in 45 states at end of 2007

Associated Press

WASHINGTON - Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday.

The fourth-quarter data from the National Association of Realtors underscore the breadth of the housing market’s slump.

South Dakota was the lone state to show a sales increase. Existing home sales there rose 8.9 percent from the same quarter a year ago. Sales were unchanged in North Dakota. No sales figures were available for Idaho, Indiana and New Hampshire. Sales also fell in Washington, D.C.

Read more at MSNBC.