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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (143482)	3/25/2002 10:57:54 AM
From: tejek	Respond to of 1584158

Existing Home Sales Slip, Still Post Second Best Month on Record Fall 2.8 Percent From January's Record High Reuters WASHINGTON (March 25) - Sales of existing homes fell 2.8 percent in February but still posted the second best showing on record, a national real estate trade association said Monday. Sales of previously owned homes, the largest category of home sales, fell slightly to a seasonally adjusted annual rate of 5.88 million last month from an upwardly revised annual rate of 6.05 million in January, the National Association of Realtors said. February's pace exceeded the forecasts of analysts polled by Reuters, who had expected a rate of 5.52 million. And the data showed that housing activity, which has remained vigorous throughout the economic slump that started a year ago, was still on firm footing. ''I don't think the housing sector disappointed in this report,'' NAR chief economist David Lereah said at a briefing. Reut10:19 03-25-02 Copyright 2002 Reuters Limited.