WASHINGTON Sales of existing homes slipped 0.5 percent in thesecond quarter compared to a year ago as psychological paralysisgripped homebuyers, a real estate trade group said today.
The National Association of Realtors said resales ofsingle-family homes, townhouses, condominiums and cooperativestotaled a seasonally adjusted annual rate of 3.68 million units,compared with 3.70 million in 1989.
Sales gained 4.2 percent to 990,000 units at an annual rate inthe Midwest and 4.4 percent to 1.41 million units in the South.Sales fell 14.5 percent to 650,000 units in the Northeast and 3.1percent to 620,000 units in the West.
"The credit …
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