Daily Market Sip 4/23/2009

The March numbers on existing home sales was released this morning.   Existing homes sales dropped 3% to 4.57 million units compares with a revised # of 4.70 million units in February.  This drop in March was actually lover than the consensus # of 4.65 million.  Additionally, there was a slight rise in sales price with a slightly lower drop in existing homes on the market.

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