Tag: home sales

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  • US Home Sales at Record Low

    Home sales in May were at a record low, according to the latest government report. This is what happens when tax credits expire. The New York Times has more: The Commerce Department figures showed that new single-family homes sold at a seasonally adjusted annual rate of 300,000 in May, down 32.7 percent from the revised […]

  • National Association of Realtors: Home Sales Down 16.7%

    Home sales dropped 16.7% in December, according to the National Association of Realtors. It’s the biggest drop on record (the record begins in 1968). MarketWatch has more on this tax credit hangover, partially caused by buyers who didn’t know the credit would be extended: Sales had surged about 40% from June to November in response […]