Housing markets are not showing signs of recovery

08/23/2010 | Wall Street Journal, The

Existing home sales are expected to dip 10% to a seasonally adjusted annual rate of 4.63 million when data is released this week, while new home sales will likely remain unchanged, according to David Reilly. Much of the recent troubles are being attributed to the expiration in April of a federal tax credit for homebuyers.

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Wall Street Journal, The