2011-02-28 — housingdoom.com
"Since pendings are a measure of future activity, we have to believe that this is one of the first indicators we are seeing that sales are going to be lousy this spring, which is the peak selling season for housing. We can always count on Lawrence Yun [Or "Sunny Yunny" as L likes to call him.] the chief economist for the NAR, to put a positive spin on things though"
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