Home Prices Post Biggest Drop

Home Prices Post Biggest Drop

According to a real estate group, home prices posted their biggest drop on record in September while sales fell for the sixth month in a row - the latest signs that the housing market is still weakening.

The National Association of Realtors said sales of existing homes fell to an annual pace of 6.18 million last month from 6.3 million in August, marking the sixth straight monthly decline in sales.

Economists surveyed by Briefing.com had forecast a rate of 6.25 million in the most recent period.

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