30.08.2011 - Housing: Still lousy, still a problem
The latest pending home sales data from the nationís 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 arenít enough to revive housing demand..............................................Full Article: Source
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