Friday, May 25, 2007

U.S. existing home sales fell 2.6 pct in April

(Reuters) - The inventory of homes for sale grew 10.4 percent to 4.2
million units, which represents an 8.4 months' supply at the
current sales pace.




Economists polled by Reuters were expecting home resales to
rise to a 6.14 million-unit pace from the 6.12 million-unit
rate initially reported for March. The March sales pace was
revised to 6.15 million.


Read more at Reuters.com Economic News

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