Home-sales drop depresses market

Published August 24, 2010 by Geert De Lombaerde

In the end, July's home sales fell almost 20 percent short of consensus estimates. That news has equity investors selling and the major indices down about 1.5 percent after an hour of trading. Among Middle Tennessee names, Brookdale Senior Living, O'Charley's, Cumberland Pharmaceuticals, Community Health Systems, Gaylord Entertainment, Louisiana-Pacific and Pinnacle Financial Partners are off more than 3 percent in the early going.

Submitted by On to the next round of stimulus : Post Business: Business N (not verified) on Tue, 2010-08-24 16:35.

[...] markets in a big way after the latest round of weak economic data was punctuated this morning by downright awful housing numbers. Hatzius said housing prices may fall a

[...] Tax Credits Only Part

Submitted by Expired Homebuyer Tax Credits Only Part of the Drop in July (not verified) on Wed, 2010-08-25 08:33.

[...] Tax Credits Only Part of the Drop in July Home Sales August 25, 2010 Yesterday, the real estate sales numbers for July were released. CNBC was predicting “armageddon”, citing the expiration of the home [...]