Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (9455)	10/25/1999 11:38:00 AM
From: Wally Mastroly	Respond to of 15132

Existing-home sales fall again WASHINGTON - U.S. sales of previously owned homes fell in September for the third consecutive month, a sign higher mortgage rates were slowing the market. Sales declined 2.1% last month to an annual level of 5.13 million units, the National Association of Realtors said. Analysts had expected sales to fall 1.5% to a 5.17 million-unit level in September from the 5.25 million-unit rate originally reported for August. The September sales pace was the slowest since May, but September marked the 11th straight month sales have exceeded 5 million units, keeping them on track to top the 1998 record of 4.97 million units. Sales had reached their highest level ever in June. The average interest rate on a 30-year mortgage reached a two-year high in August. Because the sales report is based on closings, the numbers typically reflect interest rates from a month or two earlier. - Some Economy Track links: usatoday.com