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Old 08-03-2010, 10:07 AM
 
49 posts, read 91,673 times
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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)
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Old 08-03-2010, 10:19 AM
 
Location: Union County
6,085 posts, read 9,555,191 times
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Quote:
Originally Posted by whathousingrecovery? View Post
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!
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Old 08-03-2010, 10:51 AM
 
1,465 posts, read 4,976,653 times
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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.
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Old 08-04-2010, 12:36 AM
 
49 posts, read 91,673 times
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June Pending Homes Sales Fall to "Record Low"-10-key-charts-sales-pending-adjusted


June Pending Homes Sales Fall to "Record Low"-10-key-charts-sales-pending-adjusted
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