Existing-home sales retreated in April, dropping to the lowest pace in nearly four years, amid tighter lending standards in the subprime-loan market. The median price was $220,900 in April, down 0.8% from a year earlier but up slightly from March. The data came a day after more-encouraging data on new-home sales.
from the Wall Street Journal
FOR MORE INFORMATION, see: http://wsj.com/article/0,,SB118010161739814689,00.html?mod=djemalert
Ray comments:
National figures are interesting and indicate overall direction, but vary quite a bit region-to-region, and indeed, neighborhood-to-neighborhood.
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