January 24, 2008

Existing single-family home sales drop (AP)

A sign points to a home for sale in a file photo. Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months, a real estate trade group said Tuesday. (Richard Clement/Reuters)AP - Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.


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