ksl.com – Stocks slide after new home sales drop 33 percent

ksl.com – Stocks slide after new home sales drop 33 percent.

Home prices slide due to the expiration of the first time home buyer tax credit. Apprently it did inflate the number of homes selling over the last 6 months.

Interesting time, who would have thought? The big questions is, do you think they will bring the tax credit back now that they realize things are pulling back again?Some say they will, others say they should stop writing checks they can’t cash..

Related posts:

1. July New US Home Sales Up 9.6 Percent..
2. Stocks rise after pending home sales top forecasts
3. August pending home sales rise to 2 1/2 year high, Will the tax credit be extended?
4. The Extended Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS.
5. October home sales rise 10.1 pct from September – Real Estate Statistics