ExistingHomeSales.April2011The April report showed a dip from March of about 40,000 units. The news media just pounces on this stuff. What they don’t tell you is the 2009 and 2010 sales years both had TAX CREDITS fueling the sales data. In 2011, NO TAX CREDITS and the sales are above what they were last year. I think that the real estate market overall is healthier than the news media gives it credit for. If the market is a positive over last years sales statistics without any government involvement, wouldn’t that be a good sign? This is a real market in positive sales territory…we still have too much inventory. It also appears that the foreclosures are slowing down from what I’ve been reading. That will help pricing as time goes.

Source: National Association of Realtors