Tuesday, May 20, 2008

UPDATE: APRIL RESALES FIGURE QUESTIONED

I just ran across an article addressing the discrepancy in the April sales figures. Butler's figures were questioned, and have been discredited a bit, for the reasons that I stated in the previous entry as being probably not reasonable as homebuyer activity, and in fact were partially lender repossessions, not sales. This is not homebuyer activity, and I was a little suspicious of that. Here is a link to the article in Republic. April was still a very good month for us, and May should be even better. Just maybe not as optimistic as Butler reported.

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