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(Image from article: "Existing Home Sales Dive 27.2% to 15-Year Low")

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Existing Home Sales Higher

The National Association of Realtors said the number of people who signed contracts to buy homes rose in November. The index of sales agreements for previously occupied homes increased by 3.

 

Existing Home Sales Dive 27.2% to 15-Year Low

Existing Home Sales Dive 27.2% to 15-Year Low

Buying activity in the residential real estate market slowed dramatically in July, according to a report released Tuesday by the National Association of Realtors. The dramatic plunge is yet another sign the U.S. economy may be heading toward a slowdown or double-dip recession.

Senh: What is a double-dip recession (and why would anyone want to double-dip a recession)? A recession within a recession? Does time slow down in a recession within a recession, like it does in dreams in "Inception?" Try reading this really fast.

 

Home prices fall in most U.S. cities

Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.

 

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