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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (11762)	7/25/2003 10:23:39 AM
From: ldo79	Respond to of 306849

Inventory increase: Reuters U.S. existing home sales edge down in June Friday July 25, 10:08 am ET WASHINGTON, July 25 (Reuters) - Sales of existing U.S. homes edged down 0.3 in June, the National Association of Realtors (News - Websites) said on Friday while inventories jumped to the highest level in nearly 12 years. Sales of pre-owned homes fell to a seasonally adjusted annual rate of 5.83 million units from a revised 5.85 million rate the month before. The number fell short of expectations of analysts polled by Reuters who forecast a rate of 6.0 million homes. "Sales are still at a very high level and are consistent with low (interest) rates this year compared to last year," said Lawrence Yun, a senior economist at NAR. biz.yahoo.com Regards, ldo79