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.

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

To: bentway who wrote (436485)	11/24/2008 11:21:46 AM
From: tejek	Respond to of 1575191

U.S. Oct. existing home sales fall 3.1% to 4.98 mln units By Greg Robb WASHINGTON (MarketWatch) - Resales of U.S. single-family homes and condos fell 3.1% in October to a seasonally adjusted annual rate of 4.98 million, the National Association of Realtors reported Monday. Resales have sunk 1.6% in the past year. Economists surveyed by MarketWatch expected sales to fall to 5.0 million. The inventory of unsold homes on the market fell 0.9% to 4.23 million, a 10.2 month supply at the current sales pace. The median sales prices fell 11.3% in the past year to $183,300. This is the lowest sales price since March 2004. Some of the areas hardest hit by the downturn are starting to see renewed activity, said Lawrence Yun, the chief economist at the NAR. Prices have fallen so far in these areas-primarily Florida and California, that buyers now sense bargains. marketwatch.com