Dollars and Jens
Tuesday, August 24, 2010
 
Home Sales
Existing home sales were expected to be lower in July, after the expiration of the home-buying tax credit, but were even lower than expected.

Those charts could be considered misleading - Indiviglio refers to "[t]hat tiny bar to the far right" in one chart, and the bar wouldn't be quite so tiny if the chart started at 0 - but they do show recent home sales at a glance and raise the question: how much of the demand moved forward by the credit was moved from July and how much of the hangover is left to be seen?

Link via Megan McArdle, who mentions anecdotal evidence that buyers overreacted to the credit.

- posted by Steven @ 12:39 PM

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