While the news media seems to have gone on a feeding frenzy over the recent report on existing home sales, many of us in the industry were not that surprised. After all, most people who purchased a home at virtually any time during the spring months would have timed it to close by the end of June in order to take advantage of the tax credit. Please see what our friend, Steve Harney, of Keeping Current Matters has to say about the recent NAR home sales report.

http://kcmblog.com/2010/08/26/everybody-calm-down-armageddon-is-not-upon-us/