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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

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Thursday, February 23, 2012

Existing Home Sales and Home Prices Decline

Data released yesterday and today shows a decline in Existing Home Sales and in the Purchase Price of Homes with mortgages backed by Fannie Mae and Freddie Mac, as shown on the graphs below.

Perhaps home buyers are waiting for prices to bottom and become more in line with the low (2009) level of home sales.