Auto sales predict home sales

Home sales likely increased this June, as General Motors reported a 16% increase in auto sales in June 2012, selling more vehicles last month than in any other month in the past four years. Chrysler, Ford and Toyota also reported strong increases in sales volume this past month.  We await the June home sales volume numbers later this month.

Added incentives from automakers were down 1.6% in May, so increased sales were attributed to falling gas prices, more readily available consumer credit and modest economic growth.