The National Association of Realtors released the February existing home sales data on March 21st, and the data eerily reinforced the miserable state of the United States housing market. To summarize, home prices have now suffered through five months of year over year declines while sales volume is in a nine-month tailspin, year over year.
Because of the seasonal nature of home buying, the year over year metrics are a more reliable indicator of housing market health...........................................Full Article: Source
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