Home Resales Show Slight Decline

Home sales in the U.S. hit the lowest levels seen in more than 1-1/2 years last month, according to the Nation Association of Realtors. Home sales have fallen 0.2% to an annual rate of approximately 4.9 million units. Although sales have slipped, experts do not expect this trend to continue. It is suggested that as the weather improves, home sales will pick up once again. Gennadiy Goldberg, an economist at TD Securities said, “the negative housing momentum, which was exacerbated by severe weather conditions during the winter months, may be starting to fade.” More here

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