Pending Home Sales [NotSoBreaking] - MarketTicker Forums


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User Info	Pending Home Sales in forum [NotSoBreaking]
Muscleknight Posts: 3991 Incept: 2007-06-26 Columbia, SC	Pending home sales fall 3.5% in May Pending sales are down 13.3% compared with a year earlier, and are down 21% from the peak year in 2005. In May, pending sales fell 8.9% in the Midwest, and 7.6% in the South. Pending sales rose 5.6% in the West and 3.8% in the Northeast. A sale is considered "pending" when the contract signed; the NAR marks it as "sold" when the sale closes, usually within two months. The pending homes-sales index is considered a leading indicator of existing-home sales, which were down 10.3% in May compared with a year earlier. Inventories of unsold homes rose to a 15-year high in May. The real estate group will report on existing-home sales for June on July 25. ---------- My Financial Avatars - http://s677.photobucket.com/albums/vv131.... A rumor isn't true unt 2007-07-03 10:19:20 Permalink
Genesis Posts: 130739 Incept: 2007-06-26	Note that the "raw" figure is now right at 101, with "100" being the 2001 level. In other words, we are now basically back at 2001 sales levels. Housing "will recover soon"? Bull***! ---------- I don't care if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2007-07-03 10:24:11 Permalink
Yal Posts: 3544 Incept: 2007-06-27	"Pending sales rose 5.6% in the West" - this is a. BS - false number b. with so many contingencies it is useless number 2007-07-03 10:46:15 Permalink
Genesis Posts: 130739 Incept: 2007-06-26	5.6% from the revised-down April numbers. YOY sales were down in the West - and everywhere else. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2007-07-03 10:54:03 Permalink
Jshojayi Posts: 269 Incept: 2007-07-02 Kansas City	We've had more than one contract fall through on our homes this year. Pending doesn't mean squat. Meat's not meat until it's in the frying pan. 2007-07-03 11:05:43 Permalink