Update1: May’s new-home sales report added to the concerns of industry insiders and experts alike in a major way. The record-setting drop of almost 33% last month was, like the existing-sales report (see below), a surprise to some analysts. While the overall opinion was that sales were going to falloff after the tax credit was [...]

Filed under: Existing Home Sales, Homebuyer Tax Credit, NAR, News, Real Estate Market, VRN | Comments Off