Home Sales Slump was 14% Worse Than First Reported, Realtors Say

The number for existing home sales from 2007 through 2010 was revised downward by 14.3 percent in the highly anticipated revision by the National Association of Realtors announced today. Just for 2010, there were 4,190,000 existing-home sales last year, a 14.6 percent revision downward from the previously projected 4,908,000 sales, the NAR said.