Home sales slowed in September

Posted by Bonnie Martin Designated Broker on Friday, October 19th, 2012 at 1:25pm.


money.cnn.com -- The pace of previously owned home sales slowed slightly in September, even as the long-battered housing market showed signs of a broader recovery.

Sales of existing homes sold at an annual rate of 4.75 million, according to a closely watched reading reported Friday from the National Association of Realtors. It was off slightly from the 4.83 million pace the previous month, but up 11% from a year earlier. Despite the slip, September's pace was the second best in more than two years, trailing only the strong August reading.

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