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homestead - Re: [Homestead] Pending home sales improved in August

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Pending home sales improved in August
  • Date: Wed, 8 Oct 2008 17:23:23 EDT


> >Pending home sales index rises 7.4% in August: NAR
>

More (thouroughly discredited) NAR blovicating.

What is not stated is how many of those homes are REO's and the result of
rising foreclosures.

Also this is for the month of August and are "pending" sales. That is, the
escrow is signed but the deal is not done. In August credit was relatively
easy to get, it was in September that the credit markets crashed. What is
not
clear is how many of those pending sales will have to be cancelled because of
no
available credit.

Just another spin from a ship that is sinking unabated. </HTML>




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