Home › T19 Categories › * Economics, Politics › Local Paper front page: Home sales in Charleston, South Carolina, area down 37% in July

Local Paper front page: Home sales in Charleston, South Carolina, area down 37% in July

Posted on August 11, 2010 by Kendall Harmon

The sales momentum that had been slowly lifting local home sales came to a jarring halt in July, raising questions about the long-awaited recovery of the real estate market.

Monthly home sales data released Tuesday show that 643 area homes sold during July, a striking drop-off from the 1,022 transactions recorded in June.

Read it all.

print

Posted in * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, The 2009 Obama Administration Housing Amelioration Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

2 comments on “Local Paper front page: Home sales in Charleston, South Carolina, area down 37% in July”

  1. RandomJoe says:
    August 11, 2010 at 7:32 pm

    You have a hugh tax advantage which expires at the of June – and surprise, a lot of purchases move into June that probably would have happened later. The tax tweak didn’t really create more home sales – it just moved them around.

  2. Chris says:
    August 11, 2010 at 7:55 pm

    it’s all part of “recovery summer” – or not:
    http://blog.heritage.org/2010/08/06/what-recovery-summer/