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The Great Real Estate Swindle All things related to the housing debacle including sub-prime lending practices, foreclosure fraud, MERS, REMICS and banking and political malfeasance.

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Old 09-29-2011, 04:31 PM   #1
Ought Six
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Arrow Pending Home Sales Index Tumbles

http://online.wsj.com/article/SB1000...googlenews_wsj
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An index that tracks contracts to buy previously owned U.S. homes fell 1.2% in August, clouding an already-bleak outlook for the housing sector, the National Association of Realtors said Thursday.

The index of pending home sales, which reflects contracts signed but deals not yet closed, fell to 88.6 from 89.7 in July. That is higher than August 2010—but last year's levels plummeted after a federal tax credit for homebuyers expired.
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Old 09-29-2011, 05:18 PM   #2
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These idiots need to quit the scare tactics. If they used a 3 or 4 month moving median, they would find that things have actually been pretty stable. Comparing one month to another a year ago is useless from a statistical standpoint. Next month they will say its up slightly.........
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Old 09-29-2011, 05:43 PM   #3
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'No change' does not sell papers.
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Old 10-25-2011, 06:21 PM   #4
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http://www.thestreet.com/story/11287...in-august.html

Home Prices Tread Water in August
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Old 12-05-2011, 05:11 PM   #5
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http://news.yahoo.com/u-housing-mark...143929895.html

U.S. Housing Market Still On Life Support; Prices At 2003 Levels
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