Most media reports are stating that home sales declined in the month of August. What the media is not reporting is that it is not uncommon for home sales to dip in August. Compared on a month to month basis, a seasonality does exist in the reporting of home sales. People prepare for back to school, vacations are taken and August is just plain hot. The bottom is not falling out of the housing market. Considering the fact that unit sales did decline from July to August, the flip side is the … [Read more...]