Home Sales Fall In May
This just in. Pending real estate sales in May plunged 30% from April nationwide according to the National Association of Realtors.
So, if the big question was what would real estate do once the tax credit ended, I think we're beginning to get the answer. Pretty ugly.
Gurus say home sales will continue to fall during the second half of this year unless there is big, positive movement in employment. Employment figures for the month are due out Friday -- and early indications are that they will be disappointing.
Nuts!
Happy Selling!
-30-
So, if the big question was what would real estate do once the tax credit ended, I think we're beginning to get the answer. Pretty ugly.
Gurus say home sales will continue to fall during the second half of this year unless there is big, positive movement in employment. Employment figures for the month are due out Friday -- and early indications are that they will be disappointing.
Nuts!
Happy Selling!
-30-
posted by Terry Ward at 7:03 AM
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