Wichita-area home sales tailed off slightly in July, down 59 units from a month ago and still about 14 percent off the 2008 pace.
The downturn surprised industry observers who expected sales to rise last month, driven by the $8,000 first-time homebuyer tax credit.
"Who knows?" said Roger Weast, president of Wichita's J.P. Weigand & Sons. "We knew July was down a little bit. Maybe it's the market."
Source: Wichita Eagle, by Bill Wilson, Friday, August 21, 2009
