June Pending Homes Sales Fall to "Record Low" (housing, article)

[whathousingrecovery?]

Yet another record low for existing homes sales in June even after a downward revision by economists.............. Oh Glenn

June pending home sales fall to record low - Yahoo! News (http://news.yahoo.com/s/nm/20100803/bs_nm/us_usa_housing_pending - broken link)

[MikeyKid]

Originally Posted by whathousingrecovery?

Yet another record low for existing homes sales in June even after a downward revision by economists.............. Oh Glenn

June pending home sales fall to record low - Yahoo! News (http://news.yahoo.com/s/nm/20100803/bs_nm/us_usa_housing_pending - broken link)

aw - poor glenn

I'm guessing he'll find some bullish MSM article with a random stat showing the housing market is PAST the bottom.

Double Dip incoming.... FIRE IN THE HOLE!

[DowntownVentura]

I want to point out that actual pending sales indicator increased 4.4% over the revised May (which was a sharp drop from April).

What is reported is the seasonly adjusted pending sales indicator was down 2.6% nationally. So while sales were up, they were not up as much as past Junes would indicate. This is the normal way to report these data, I am not disputing how it is reported. I am just pointing out that actual sales did increase.

[whathousingrecovery?]