Home Sales Remained Stagnant after Tax Credits Expired
Sales of existing single-family homes in California fell by more than 10 percent in July, and hit the lowest level since June 2008 when sales were at 427,910. Existing single-family home sales registered a seasonally adjusted annualized rate of 440,370 in July, decreasing 10.9 percent from June, and dropping 20.8 percent from July 2009.
