Existing-home sales grew in first quarter…or did they?

June 4, 2010

Sales of existing homes, including single-family homes and condos, rose 11.4 percent in the first quarter compared to the same quarter last year, to a seasonally adjusted annual rate of 5.14 million. Sales rose in 44 states and Washington, D.C., year over year in the first quarter. However, this is a fall of 14 percent [...]