Existing home sales down 1.1% in the West but up in the rest of the country.
According to the National Association of Realtors:
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The real estate situation in Florida is still very bleak as the numbers from the Florida Association of Realtors release show that the housing market is in Florida despite some reports of strengthening sales in South are still very weak.
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Dataquick came out with a new report on the California housing market for November 2007 and, as expected, the news are awful.
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Sales of existing homes fell to a record low in October, as even the largest drop in home prices ever wasn't enough to revive sales, according to NAR.
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Existing home sales were essentially unchanged in July, with increases in the West and Northeast offset by a decline in the Midwest, according to the National Association of Realtors®.
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Sales of existing homes held steady with a modest gain last month, another indicator that the housing market is transitioning into a more normal market in contrast with unsustainable activity last year, according to the National Association of Realtors.
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