Existing home sales drop again, jobless claims up

02/26/2010 10:03:00 PM
Posted by admin

SIgns of another downturn are in the air with existing home sales dropping yet another month and jobless claims inching up again. Households are tightening up as credit card debts shrink.

In the Realtors group’s report, the number of existing homes for sale at the end of January fell 0.5% to 3.27 million. That represents a 7.8-month supply at the current sales pace, up from a 7.2-month supply in December.


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