Thursday, May 24, 2007

Existing-Home Sales in U.S. Were Probably Unchanged, a Sign Slump May Ease

(Bloomberg) -- Sales of previously owned homes in
the U.S. were probably unchanged last month after posting the
biggest drop in 18 years, a sign the housing market may have
touched bottom, economists said before an industry report today.

The National Association of Realtors may say existing homes
were sold at a 6.12 million annual rate in April, according to
the median forecast of 70 economists in a Bloomberg News survey.
Sales dropped 8.4 percent in March, the most since January 1989.


Read more at Bloomberg Bonds News

No comments: