TN hick

June Existing Home Sales Dip While Supply Rises

something ain't right 'bout this"

"Existing condominium and co-op sales rose 1.7 percent to a seasonally adjusted annual rate of 590,000 units in June from 580,000 in May, but are 19.7 percent below the 735,000-unit level a year ago. The median existing condo price4 was $224,200 in June, which is 2.2 percent lower than June 2007.

for example: 1 - 580 / 735 => ~ -0.2109 or about -21.1% decline y/y

aside from the bias to the positive spin [i.e.; "...rose 1.7% [m/m omited], this makes you wonder about the accuracy of data that you can't verify

oh well, more koolaid please