2008-01-08 — bloomberg.com
The National Association of Realtors' index of pending home sales decreased 2.6 percent to 87.6, following a 3.7 percent gain in October that was larger than previously estimated, the group said today in Washington.
...
``There is no evidence it is bottoming,'' Paulson said today about the housing market. He added that a plan designed to stem a wave of foreclosures may need to be expanded beyond subprime homeowners.
Fascinating. Perhaps now the powers-that-be are realizing that lying about the severity of the collapse won't help do anything about it?
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