Housing Market Cooling Down

Housing Market Cooling Down

Home sales dropped 7% in the April-June quarter this year compared with the period in 2005, the National Association of Realtors said Tuesday in its latest state-by-state look at housing conditions around the country.

Twenty-nine states reported spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.

The five biggest declines compared with the April-June period of 2005 were Arizona, down 26.9%; Florida, down 26.7%; California, down 25.3%; Virginia, down 23.9%, and Nevada, down 23.5%.

Get the full story here…