put back on your socks....
Wow.
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Sales by property and region:
Sales of single-family homes sank 27.1% in July compared to the prior month
while condominium and co-op sales tanked 28.1%.
The Midwest fared the worst last month, with sales dropping 35% to an annual pace of 800,000 units in July. that's 33.3% lower than a year earlier.
Resales in the Northwest dropped 29.5% from the previous month to an annual pace of 620,000 units.
They fell by 25% in the West
and 22.6% in the South.
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Existing Home Sales Plunge in July
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