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US: Home sales dip 2.2 pct in October

Posted on 24 November 2010

From AP: Sales of previously owned homes slipped slightly in October as the housing market struggled in the face of high unemployment and tight credit. The National Association of Realtors said Tuesday that sales of previously owned homes dipped 2.2 percent last month to a seasonally adjusted annual rate of 4.43 million units.
The performance was weaker than had been expected. Economists at JPMorgan Chase had forecast that sales would rise in October to an annual rate of 4.60 million units……………………………………….Full Article: Source

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