According to the National Association of Realtors (NAR), existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 2.2 percent to a seasonally adjusted annual rate of 4.43 million in October from 4.53 million in September, and are 25.9 percent below the 5.98 million-unit level in October 2009 when sales were surging prior to the initial deadline for the first-time homebuyer tax credit. Year-to-date there were 4.149 million existing-home sales, down 2.9 percent from 4.272 million at this time in 2009.Click to continue
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