Existing Home Sales Plummet By Young Research - August 24, 2010 Existing home sales plummeted 27% in July to a new 15-year low. Existing home sales have now entered double-dip territory. At the current rate of sales, there is a surplus of more than 12 months of existing home supply—a 28 year high. Share this: Click to email a link to a friend (Opens in new window) Email Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook RELATED ARTICLESMORE FROM AUTHOR Turkey’s Economy Tumbles into a Recession Home Buyers Staying on the Sidelines Japan Enters Technical Recession