Home sales in May: Good and bad

The good news: May existing-home sales were up over April (2.4 percent, according to NAR). The bad news: They were down 3.6 percent from May 2008.

My conundrum when writing this: Do I focus on the good news, even though the year-to-year numbers are what really count? After all, there’s a lot to be said for keeping a positive outlook.

Besides, there are a couple of major caveats. First, these are national, not Virginia numbers, so they’re sullied by Arizona, California, Florida, and Nevada. Second, I don’t know yet whether the April-May jump was bigger in 2009 than in 2008. If it was, that’s another good sign.

So take the numbers as you see fit. They’re just numbers.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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