sales: Breakdown of July's Existing Home Sales Data
- 08/30/10 04:22 AM
The release last week of July's existing home sales figures from the National Association of Realtors was all over the news, where it was spun mostly as a sign that we might be headed for a 'double dip' recession driven by a continuing weakness in the housing market. If you dig a little deeper into the numbers though you see that what we're seeing isn't so much a weakening housing market, as a tale of two housing markets: the market with the $8,000 tax credit and the market without it.Home sales in the first six months of 2010 were VERY strong … (0 comments)
The release last week of July's existing home sales figures from the National Association of Realtors was all over the news, where it was spun mostly as a sign that we might be headed for a 'double dip' recession driven by a continuing weakness in the housing market. If you dig a little deeper into the numbers though you see that what we're seeing isn't so much a weakening housing market, as a tale of two housing markets: the market with the $8,000 tax credit and the market without it.Home sales in the first six months of 2010 were VERY strong … (0 comments)
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