Michael Gerrity writes July 22 for the Real Estate Channel:

According to the National Association of Realtors (NAR), existing-home sales slowed in June due to the ending of the federal home buyer tax credit program.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million units in June from 5.66 million in May, but are 9.8 percent higher than the 4.89 million-unit pace in June 2009.

http://www.realestatechannel.com/us-markets/residential-real-estate-1/real-estate-news-existing-home-sales-national-association-of-realtors-nar-home-buyer-tax-credits-real-estate-bubble-slowing-housing-market-homes-for-sale-2883.php