U.S Existing Home Sales Slipped in February 2012

The U.S real estate market slowed down in February the U.S. existing homes sales rate moderately decreased during February 2012 by 0.9%; this news comes after it was reported yesterday that there was a slight drop in housing starts during February.

According to the recent report of the Realtors’ organization, the annual rate of US existing home sales decreased in February compared with January’s annual rate. The seasonally adjusted annual rate reached 4.59 million home sales in February compared with a revised annual rate of 4.63 million home sales in January 2012; this decrease represents a 0.9% drop (M-2-M); the February 2012 annual rate is still 8.8% above the 4.22 million annual rate of home sales in February 2011.  Part of the sharp gain may be because 2012 is a leap year.

During today’s trading many major American stock indexes slightly declined: the S&P500 index fell by 0.19%, the Dow by 0.35%, while the NASDAQ rose by 0.04%.

Current gold price, short term futures (April 2012 delivery) is traded at $1,778 per t oz. a $6.9 increase as of 11:27*.

Euros to US dollar exchange rate is currently traded down at 1.3214 a 0.02% decrease as of 22:32*.

Current Nymex crude oil price, short term futures (April 2012 delivery) is traded up by 1.13% to $107.27 per barrel as of 22:32*.

(* GMT)

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