Existing Home Sales Down 27.2% in July

by Marilou Moursund on August 24, 2010

in Economic Indicators,Residential Real Estate

Existing to a level not seen since 1995.  Inventories are at a record high of 12.5 months supply.  The median home price was unchanged at $182,600.  Refinancing activity picked up two weeks ago as the the 10 year Treasury broke the 2.80% level.  It is at 2.48% this morning, so low mortgage rates should continue to drive refinancing activity.

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