Home Sales Plunge 27 Percent to Lowest in 15 Years; Largest Monthly Drop on Record
August 24th, 2010

HAHA. The recovery is obviously picking up pace!

*splat*

Via: AP:

Sales of previously occupied homes fell to the lowest level in 15 years last month as the economy weakened.

The National Association of Realtors says July’s sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million. It was the largest monthly drop on records dating back to 1968. June’s sales pace was revised downward to 5.26 million.