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Builder Magazine: Existing-Home Prices Up as Sales Fall

By Claire Easley. Sales of existing homes dropped unexpectedly in June to the lowest level seen all year, as first-time buyers fell to their lowest share of sales seen this year.

July 19, 2012

However, Gary Painter, an associate professor at the USC Lusk Center for Real Estate, remained confident that the poor performance was simply a glitch.

"Slowly we're moving in the right direction," he said on a call with Builder today. "We'll slowly see more homes coming on the market. In some parts of the country we're already seeing that, but when you look overall, it's always a mixed picture."

For the full article, see the link below:

Link: Builder Magazine