Property Search

Property Search

Associates and Offices

Associates and Offices

Buying and Selling

Buying and Selling

Exclusive Properties

Exclusive Properties

Relocation Videos

Relocation Videos

Join Metro Brokers

Join Metro Brokers

Property Search

Metro Brokers Links

July Existing Home Sales Numbers

Geneva, NY
Creative Commons License photo credit: statPaige

City Group had a pretty good bead on things to come. The housing numbers are not good. They are the lowest they have been since 1995. "The existing home sales, completed transactions including single family, town homes, condominiums, and co-ops dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million unit level in July 2009."

We all thought the tax credit would help, but it made things worse. Lets all hope the numbers pick up quickly and the government makes it a little bit easier to hire people and kick start the economy.

Watch the full video

 

Related Posts
Key Real Estate Demographics for this Decade
Real Estate Outlook: To Whom Should You Listen?
NAR Reports January Home Sales Higher than Last Year's
Could the Home Buyer Tax Credit Be Extended?
Realtor.org Video: Pending Home Sales Stabilize, Remain Above Year-Ago Levels



Posted on August 24, 2010 12:21:31 by Blog Author Scott.Shields
Scott.Shields
View my profile http://www.metrobrokerstv.com/july-existing-home-sales-numbers

No comment yet...

Comment on this article
Poor Excellent
  Line breaks become <br />


  Remember me


  Allow users to contact you through a message form.
Captcha image.

Please enter the characters from the image above. (case insensitive)

This post has no comments awaiting moderation.