Home sales hit slowest pace in 18 years.

Posted on

"Home sales hit slowest pace in 18 years."

According to the National Association of Realtors, “Sales of existing homes plunged 8.6% in November to a seasonally adjusted annual rate of 4.49 million, from a revised 4.91 million rate in October. … It was the slowest pace in nearly 18 years.” The Commerce Department also reported that sales of new single-family homes also fell in November, to the weakest levels since 1991.”

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.