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And the truth is.
Existing home sales fall 2.6 percent in March - Yahoo! News
WASHINGTON (Reuters) - Home resales fell in March but the supply of properties on the market tightened and prices inched higher, giving mixed signals about the pace of recovery in the still-struggling housing sector.
The National Association of Realtors said on Thursday that existing home sales slipped 2.6 percent to an annual rate of 4.48 million units last month.
Existing home sales fall 2.6% in March - Apr. 19, 2012
Sales of existing homes fell 2.6% compared with a month earlier, to an annualized rate of 4.48 million homes, the National Association of Realtors said.
Gus Faucher, a senior economist at PNC Financial, called the report disappointing.
"We were expecting an increase," he said. "We need a turnaround to help the economy recover."
From your own article...
The NAR said even with March's decline, the pace of sales in the first three months of the year marked the strongest first quarter since 2007.