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15:00 - Dados States
10:03 AM ET, May 25, 2007 - 16 minutes ago
U.S. April existing home inventories at 15-yr high
U.S. April existing home sales fall to 5.99 mln unit pace
U.S. April existing home sales drop larger than expected
U.S. April existing home sales down 2.6% to 4 yr low
By Greg Robb
Last Update: 10:06 AM ET May 25, 2007
WASHINGTON (MarketWatch) -- Existing home sales fell 2.6% in April to 5.99 million units on a seasonally adjusted annual basis, the slowest sales pace in four years, the National Association of Realtors said.
The fall in April sales was larger than expected. Economists had forecast that sales would dip a slight 0.2% to 6.11 million units.
On a year-on-year basis, existing home sales were down 10.7%.
The median national sales price was down 0.8% year on year to $220,900 in April.
Inventories of unsold homes rose 10.4% to 4.20 million, a 8.4 month supply, the highest in 15 years.
U.S. April existing home inventories at 15-yr high
U.S. April existing home sales fall to 5.99 mln unit pace
U.S. April existing home sales drop larger than expected
U.S. April existing home sales down 2.6% to 4 yr low
By Greg Robb
Last Update: 10:06 AM ET May 25, 2007
WASHINGTON (MarketWatch) -- Existing home sales fell 2.6% in April to 5.99 million units on a seasonally adjusted annual basis, the slowest sales pace in four years, the National Association of Realtors said.
The fall in April sales was larger than expected. Economists had forecast that sales would dip a slight 0.2% to 6.11 million units.
On a year-on-year basis, existing home sales were down 10.7%.
The median national sales price was down 0.8% year on year to $220,900 in April.
Inventories of unsold homes rose 10.4% to 4.20 million, a 8.4 month supply, the highest in 15 years.
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