Home Sales Set to Plummet in Markets Hit Hard by Foreclosures - Bloomberg
In Phoenix, contracts in the subdivisions surveyed by Metrostudy fell almost 49 percent for the week ended May 24 from the same period a year earlier, Hunter said. More than 8 percent of Phoenix households received a notice of default, auction or foreclosure in 2009, ranking the city the eighth worst in the country, according to Irvine, California-based research company RealtyTrac Inc"
Monday, May 31, 2010
... and totally screw it up. Thanks kids... nice going. A moron could have understood that ONLY so many people will buy and of course they bought when the discount was being enforced, and now it isn't so they aren't buying. Even a lemonade stand understands all that and more. Incompetence Revered... sigh.