Existing Sales Down 15.5% from a Year Ago; Realtor vs. Realtwhore

Nobody is surprised. Right?The National Association of Realtors reported that sales dropped by 2.6% in June to a seasonally adjusted annual rate of 4.86 million units, a 10-year low. Median house prices are also down 6.1%.This is more than double the decline that had been expected and left sales 15.5 percent below where they were a year ago.Meanwhile, Fitchratings.com has a new ratings system