Home Sales Slow
Home Sales Slow (Reuters)
The National Association of Realtors announced September home resales had fallen 1.9% to an annual rate of 5.29 milion units. Overall home sales rose 10.7% from one year ago, representing the smallest increase in five months. “The housing market recovery has lost a little steam which is not a surprise with the broader economy taking a bit of a step back recently. The housing market could be a little bumpy the rest of the year,” said Ryan Sweet, senior economist with Moody’s Analytics.