(Reuters) - Existing-homes sales hit a lower-than-expected 5.75 million unit annual rate while prices and inventories remained flat, the National Association of Realtors said in a report on Wednesday.
Applications for new mortgages hit their lowest level since mid-February as the demand for homes continues to slide. The largest U.S. mortgage lender, Countrywide Financial Corp. , said on Tuesday it may be 2009 before the housing market recovers.
Read more at Reuters.com Business News
Applications for new mortgages hit their lowest level since mid-February as the demand for homes continues to slide. The largest U.S. mortgage lender, Countrywide Financial Corp. , said on Tuesday it may be 2009 before the housing market recovers.
Read more at Reuters.com Business News
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