Lawrence Yun

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NAR: August Resales Off 12.8 Percent From Year-Ago Levels 

Sep 25, 2007By

The National Association of Realtors released its existing-home sales report today, which showed a 4.3 percent drop in total existing home sales to a seasonally adjusted annual rate of 5.50 million units in August from a level of 5.75 million in July. The August number is 12.8 percent below the 6.31 million-unit pace recorded in August 2006, the trade group said.

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