US home sales fall more than expected in February

posted by
March 21, 2011
Financial Times [UK]    
Posted in News

"Sales of existing homes fell more sharply than expected in February, following three straight months of gains, and prices dropped sharply as the combination of tight credit and growing inventory weighed on the housing market. The National Association of Realtors said home resales fell 9.6 per cent in February to an adjusted annual rate of 4.88m from January’s revised 5.4m. That left sales 2.8 per cent lower year-on-year and missed Wall Street expectations of 5.15m." (03/21/11)

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