U.S. existing home sales in January: the lowest level in decade.

<P> The National Association of Realtors reported Feb. 25 the data showed U.S. existing home sales in January of this year has fallen to its lowest level since 1999, existing home sales median price has continued to decline. .</ P> <P> It http://finance. Telecommunications, data show that U.S. existing home sales this year in January to a seasonally adjusted annual rate of 4.89 million units, compared with December last year, down 0.4% over the last year .down 23.4% over the same period. .Situation from all regions, except the Midwest sales of existing homes rose slightly, the other regions were tested contraction. .</ P> <P> decline in sales, while sales prices are further down. .U.S. existing home sales median price in January was $ 201,000 each, down 4.6% over the same period last year. .This is the fifth consecutive month of existing home sales median price decline. .</ P> <P> backlog of sale of existing homes in January the United States increased by 5.5% to 4.19 million units. .In accordance with the current month sales pace, 10.3 months required to complete the sale of housing, this time in December last year, more than 9.7 months. .</ P> <P> the National Association of Realtors chief economist Lawrence Yun said that although these data can not be optimistic, but he believes the U.S. housing market could soon reach the bottom. .With the U.S. introduction of a series of economic stimulus plan, the U.S. home sales rebound in the next few months. .</ P> <P> U.S. home sales existing home sales accounted for 80% of the total. .In early 2006 the U.S. housing market bubble burst, the intense since been adjusted, and dragged down the overall U.S. economic growth. .</ P>.