Feb 25
Existing-home sales including single family
residences, condominiums, townhomes, and co-ops continued to move
downward in January, as did their median prices according to the monthly
survey released on Monday by the National Association of Realtors.
Lawrence Yun, NAR chief economist, said many
potential buyers remain on the sidelines. “Subprime loans and other risky
mortgage products have virtually disappeared from the marketplace,
and…”