Existing Home Sales Down

Submitted by paula.parisot on Mon, 06/27/2011 - 09:56

The National Association of Realtors released data on existing home sales which revealed a decline of almost four percent for the month of May.  While it is only 3.8 percent less than April 2011, it is down over 15 percent from last year at this time.  The disparity most likely caused by last year's rush to qualify for the home buyer tax credit put in place by the Obama administration. 

Click here to read more about it at Mortgage News Daily.