The number of home resales plunged by 1.4 million units in July, according to the National Association of Realtors®’ Existing Home Sales report. It’s a drop of 27 percent from June; single-family home resales are at the report’s lowest levels since May 1999. Furthermore, because...

Consistent with most post-home buyer tax credit housing news, the National Association of Realtors® says Existing Home Sales eased lower last month. An “existing home” is a home that cannot be considered new construction. The 5 percent drop in sales from May to June was expected, but...

Existing Home Sales dropped in May for the first time in 3 months but still managed to post its second-highest since November 2009, buoyed by the expiring federal tax credit program. An “existing home” is a home that cannot be considered new construction; a resale of an existing home. ...