Disturbing Month for Home Sales

February 25, 2008 6:22:42 PM PST
Experts say a new report could mean the housing crisis still hasn't bottomed out.The National Association of Realtors says sales of single-family homes and condos dropped for the six straight month in January, down close to a half-percent.

The inventory of unsold homes jumped to an estimated ten month supply, meaning it would take that long to sell all the unsold homes currently on the market.

Experts say it's the slowest sales pace since 1999.


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