Home Sales Are Up: Bad News in Disguise


Pop the Champagne! Sales of existing homes rose more than expected in April, jumping 7.6 percent from March to 5.77 million units. That means a whopping 22.8 percent more homes were sold than in April of last year, according to the National Association of Realtors.

Wait a minute. Hold that cork.

It sounds like good news, but it isn't. Now that the tax credit is gone, there really isn't much to motivate buyers.