May 24, 2010
Existing U.S. Home Sales Up In April Along With Inventory
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.
First Published: May 24, 2010 11:45 AM
Comments from "Plugged In" Readers
Posted by: nottimhawko at May 24, 2010 2:43 PM
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.
Posted by: Brian Porter at June 22, 2010 10:53 AM