Home sales for the month of July were released yesterday. I wondered if I should just end this story here or continue on. I decided to go ahead and slug it out. There are two numbers here, the sales compared to last month and the sales comparing July '10 to July '09. Take your pick, neither number is very positive. The one month change form June '10 to July '10 produced a decline of 27%, and the 12 month change from July to July produced a decline of 25.5%. Prognosticators were quick to point … [Read more...]