Well, posting the June sales and then leaving for the day was unintelligent. Sorry about that, everyone.
Here are the July sales. Sales are down by an average of 20% YOY in all the major counties. What do you think? Just more evidence of the tax credit pulling sales forward, or something new? Inventory's up slightly over last year everywhere, too.
Calculated Risk has some notes about the FOMC action today. I liked this from the comments:
"Wally: When mortgage rates hit 1 percent I'll be able to afford the million-dollar mansion I've got my eye on. Except I'll have no job then, couldn't afford the taxes and could never sell in my lifetime because I couldn't pony up to cover the equity loss."