Scott Stoddard writes in Investor's Business Daily that existing home sames reached another new low in September according to the National Association of Realtors.
Meanwhile, cnbc.com (Reuters) reported that new home sales were up in September over August, but down sharply from a year earlier. Sale prices also increased compared to August when sales were very slow. The inventory of unsold new homes declined from August to September.
Chris Isidore, senior writer of CNNMoney.com paints a gloomy picture, seeing more bad news to come.
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