Selasa, 24 Agustus 2010

Nationwide Home Sales Drop 26% to 15 Year Low...Charlottesville and Albemarle Home Sales Were Even Worse

Welcome Back, 20th Century.  Hello, Double Dip. Housing led the US economy out of 7 of the last 8 recessions, but this time it might torpedo an already weak "recovery."  Tuesday's national news shows that, absent the Federal Homebuyer Tax Credit ,"existing home sales" in the national housing market
Dropped 26% YOY from 2009
Single family home sales dove to a 15 year low
In the South, the drop

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