The Washington Post reports this morning:
HOME SALES FALL IN 38 STATES
Sales of existing homes fell in 38 states during the summer, led by steep declines in Nevada, Arizona, Florida and California, as the once-booming housing market showed further signs of a steep slowdown.
The National Association of Realtors reported that sales dipped to a seasonally adjusted annual rate of 6.27 million units nationwide, down by 12.7 percent from the same period a year ago.
When you go to the website of the National Association of Realtors (NAR) though and read their press release, somehow the news seems a lot rosier:
Continue reading NAR- When Life Gives You Lemons, Make Champagne