National home sales for July plunged

The Wall Street Journal today reports that home resales dropped a whopping 27.2% nationwide in July. This was nearly double the 14.3% drop predicted by economists.You may recall my blog post in the beginning of August showing that single family home sales in New Tampa and Wesley Chapel plunged in July.  The real question right now is if this is a one month drop or more likely a trend that we will see continue for the remainder of the year.
Full link to article in the Wall Street Journal