Inflation

NAR: Home Sales Are Down, And We’d Rather Make Up Conclusions on Price Instead of Doing Some Real Analysis 

The NAR’s existing home sales report for the second quarter of 2007 is out today, and it shows a continuing slide in sales volume: existing home sales registered an annualized 5.91 million unit rate, down 10.8 percent from year-ago levels. Only six states showed an increase in sales volume.