The National Association of Realtors announced this morning that existing home sales fell off in February, sliding 9.6% to a seasonally adjusted annual rate of 4.88 million units in February.
More existing homes changed hands in December, allowing 2010 to end with a run of five of the preceding six months having higher sales of existing structures, according to the National Association of Realtors.
It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.
For the second time this week, a national statistic has suggested that the real estate market might be stabilizing further.
Find out how our readers ranked the top 10 stories of 2010.
The housing market's rebound suffered a setback as pending home sales fell 16% in November, the National Association of Realtors reported today. It was the first decline after nine consecutive months of increases.