Positive Market Factors Surfacing

Date July 30, 2008

Existing-home sales — including single-family, townhomes, condos and co-oops — increased by 2 percent in May from a level of 4.89 million units in April, according to a report from the National Association of Realtors. Total housing inventory at the end of May fell 1.4 percent. This represents a 10.8-month supply at the current sales [...]

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