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Author Topic: New home sales plunge 33 percent in May after homebuyer tax credit expires.  (Read 380 times)

Soul Crusher

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New home sales plunge 33 percent in May after homebuyer tax credit expires.
« on: June 23, 2010, 07:13:05 AM »
BREAKING NEWS: New home sales plunge 33 percent in May after homebuyer tax credits expire
MSNBC ^ | 6/21/2010 | STAFF

Posted on Wednesday, June 23, 2010 10:09:45 AM by tobyhill

BREAKING NEWS: New home sales plunge 33 percent in May after homebuyer tax credits expire


(Excerpt) Read more at msnbc.msn.com ...

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I guess that's another "unexpected" as anyone with a clue knows that the sales for the rest of the year were laregely brought forward by the tax credit.  So now for the rest of the year, housing is likely to double dip. 

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drkaje

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Re: New home sales plunge 33 percent in May after homebuyer tax credit expires.
« Reply #1 on: June 23, 2010, 07:15:32 AM »
It probably didn't help middle class people in screwed up markets like downstate and nice parts of california.
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