Friday, August 12, 2011

I thought things were picking up there Libs, what happened?

Sales of existing homes fell in May, as severe weather and high gas prices weighed on the shaky housing market. Home sales fell 3.8% to a seasonally adjusted annual rate of 4.81 million, down from a revised rate of 5 million in April, the National Association of Realtors said Tuesday. Economists had expected a May sales rate of 4.79 million existing homes, according to consensus estimates from Briefing.com. (Snip) Yun called the drop in May sales "disappointing,"

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