April 24, 2008

Existing Home Sales Fall in March

Sales of existing homes fell in March, the seventh drop in the past eight months, as the spring sales season got off to a rocky start, Associated Press reports:

The median price of a home was down compared with a year ago, and some economists predicted home prices could keep falling for many more months given all the troubles weighing on housing, from a severe credit crunch to a rising tide of foreclosures.

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