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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (40589)	8/27/2001 10:54:02 AM
From: abstract	Read Replies (4) of 65232

All right Mr. Wordsmith, tell me what the following says, please. Existing-Home Sales Fell in July Aug 27 10:09am ET WASHINGTON (Reuters) - Sales of U.S. existing homes fell 3 percent in July, a real estate trade group said on Monday, as the slowing economy reduced the demand for homes. The National Association of Realtors said sales of previously owned homes fell last month to a seasonally adjusted annual rate of 5.17 million units from a rate of 5.33 million in June. The July sales rate was 7.3 percent above July of last year but below analysts' expectations for a 5.29-million-a-year pace.

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