Tuesday, June 22, 2010

May home sales unexpectedly fall 2.2 percent

[mEDITate-OR:
not see that Jim @ Calculated Risk was correct...

Predictions are normally what you paid for them.
However, sometimes they are correct.

What Jim @ CR has been telling U.S. was that today's numbers would probably be lower than most were predicting. And, the AP chart & story tell U.S. he was right.

Tomorrow, we will see "new home sales"
deja vu all over again.

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May home sales unexpectedly fall 2.2 percent
Boost from government incentives appears to be winding down
Sales of previously occupied homes dipped 2.2 percent in May, signaling that a boost from home-buying tax credits is fading sooner than expected.
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America’s money is moving to Florida, Texas
Forbes analysis of IRS data shows that the rich like warm tax havens
Surprise: America's wealthy like warm weather and low taxes.
 

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