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Housing: Still lousy, still a problem

Posted on 30 August 2011

The latest pending home sales data from the nation’s realtors was even more disappointing than expected, but the stock market is unconcerned. Maybe it should be.
Pending home sales, a leading indicator of future closings, fell 1.3% in July, the NAR said, compared with forecasts of a 1% decline. Apparently rock-bottom interest rates aren’t enough to revive housing demand……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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