Sales of previously owned
homes fell 1.2% in November compared to one year ago, the first
year-over-year drop in nearly 2½ years, the National Association of
Realtors said on Thursday.
The report shows that the overall tally of home sales in 2013 will exceed last year’s level, even though December’s figures won’t be completed for another month. This is largely because of exceptionally strong sales gains during the three quarters of 2013. Sales have declined in each of the last three months at a seasonally adjusted annual rate.
Here are five reasons why sales have slowed:
Read More ...
The report shows that the overall tally of home sales in 2013 will exceed last year’s level, even though December’s figures won’t be completed for another month. This is largely because of exceptionally strong sales gains during the three quarters of 2013. Sales have declined in each of the last three months at a seasonally adjusted annual rate.
Here are five reasons why sales have slowed:
Read More ...
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