Existing home sales fall — again
Published: March 23,2010
WASHINGTON — Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern that the fragile housing rebound could falter, making it harder for the overall economy to recover.
The National Association of Realtors said that sales of previously occupied homes dropped 0.6 percent in February to a seasonally adjusted annual rate of 5.02 million.
The weakness in sales depressed prices with the median home price dropping by 1.8 percent from a year ago to $165,100.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- Guns OK inside Mississippi polling places, attorney general says
- Supreme Court deals blow to McDaniel's election challenge
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Fair cabins becoming more valuable, sources say
- Three indicted, alleged to have embezzled from agency
- Bryant protests immigrant children being housed in state
- Cal-Maine strikes joint venture deal with Arizona company