Home sales suffer sharp drop

Home sales suffer sharp drop - Tampa Bay Business Journal:: "Slowly rising mortgage rates and higher levels of for-sale inventory influenced Florida's housing sector in March as the state's market continued to adjust on the heels of a five-year record pace.
Nearly every metro area in the state suffered declining sales. In Tampa Bay, sales dropped 26 percent to 3,659 units sold in March 2006 compared with 4,974 houses sold for the same period last year. Around the state, sales of single-family existing homes declined 22 percent for a total of 18,881 last month, compared to March 2005 sales of 24,091, according to the Florida Association of Realtors. "
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