Existing Home Sales Falter

May 19, 2011 12:00pm by Barry Ritholtz

click for ginormous graph

chart courtesy of Calculated Risk
>

In April 2011, Existing-home sales fell 0.8% to a seasonally adjusted annual rate of 5.05 million in April from a downwardly revised 5.09 million in March

This represents a 12.9% from April 2010, a tax credit driven sales period. All-cash transactions were a still high 31% in April, down from the record 35% in March.

Previously:
20 Startling Facts About the US Housing Market (May 19, 2011)

Source:
April Existing-Home Sales Ease
Realtor.org, May 19, 2011
http://www.realtor.org/press_room/news_releases/2011/05/sales_ease

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