24 Aug Home sales shrink (but no need to freak out!!!)

Attached is an article today in CNN Money about plunging home sales in July. First, don’t freak out. Home sales dropped, and were expected to drop, when the home buyer tax credits expired. Second, we are in the middle of the summer which is historically the slowest time of the year for home sales.

 http://money.cnn.com/2010/08/24/real_estate/existing_home_sales/index.htm?hpt=T2