Relevant:
- Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand?
- Pending Home Sales Up, Existing Sales to Follow
- Pending Home Sales Up in March. Stabilization Depends on REO Liquidation, Jobs, Regs
- Pending Homes Sales Fall, Raising Questions About Recovery
- Pending home sales drop to lowest in a year, down in January
2010-12-02 — wallstreetexaminer.com
Here’s what Bloomberg had to say about this morning’s reported jump in pending home sales (signed sales agreements).
Pending sales of U.S. existing houses unexpectedly jumped by a record 10 percent in October, indicating the industry at the center of the last recession is stabilizing as the job market improves.
Allow me to phrase this as delicately as I can.
That’s… just… horseshit.
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