Existing home sales slowed to their lowest rate in 9 months, the National Association of Realtors says.
Sales of existing homes fell 4.9% in January from December. The number of sales stood at a seasonally adjusted annual rate of 4.82 million in January, the lowest since May, which was of 4.9 million.
All major regions saw sales drops in January, with the Northeast (including NY) and West seeing the largest decreases.This indicate that the Brooklyn and the Bronx Housing Market are still Fragile, too.
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