Home Resales Slide 3.8% – Prices drop 4.6% YOY

The latest report from the National Association of Realtors showed that the sale of existing homes fell 3.8% in May underscoring the weakness of the spring selling season.  The report also showed that multimillion dollar luxury properties appear to be more insulated and continue to rise.

Wall Street Journal  June 22, 2011

Previous post:

Next post: