Existing U.S. home sales jumped 26 percent on a year-over-year basis to a 5.77 million annual rate in April, the deadline month to be in contract in order to qualify for a federal homebuyer’s tax credit. Inventories of existing homes for sale climbed to 4.04 million.

Recent Articles

Comments from “Plugged-In” Readers

  1. Posted by nottimhawko

    Local data?
    [Editor’s Note: Seriously? As always, local sales (sliced and diced two ways) and local inventory.]

  2. Posted by Brian Porter

    It comes as no surprise that the existing home sales jumped 26% in April. The tax credit pulled forward sales from May. In our local market (Portland, Oregon) pending sales got clobbered in May, down 50% from April. Once again because the tax credit robbed Peter to pay Paul.

Add a Comment

Your email address will not be published. Required fields are marked *