Relevant:
2008-10-24 — ml-implode.com
"HOME SALES TUMBLED IN SEPT posting their largest one month fall in a year. Today’s NAR Existing Home Sales numbers released showing sales up 5.1% were ANNUALIZED, which is not how you have to look at this dynamic market. Month over month reflects the truth about this market. Sept 07 was before the ‘new normal’. The past two months are highly troubling and a leading indicator of more downward pressure."
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