Author Topic: Pending home sales 'fell off a cliff'  (Read 329 times)

Bindare_Dundat

  • Getbig V
  • *****
  • Posts: 12227
  • KILL CENTRAL BANKS, BUY BITCOIN.
Pending home sales 'fell off a cliff'
« on: July 01, 2010, 08:39:26 AM »
NEW YORK (CNNMoney.com) -- The experts expected home sales to drop once the homebuyer tax credit lapsed at the end of April, but the depth of the decrease was shocking.

According to the National Association of Realtors (NAR), pending home sales fell a whopping 30% in May. Their index, which measures signed sales contracts but not closed sales, plunged to 77.6 from 110.9 in April. It's even off 15.9% from a year ago when the nation was barely emerging from the recession.

pro nitrousADRL

  • Getbig III
  • ***
  • Posts: 870
  • put more nitrous on that, it still has spark plugs
Re: Pending home sales 'fell off a cliff'
« Reply #1 on: July 01, 2010, 01:07:19 PM »
wow   stim  is really working   wooohooo   ::)
down with hussein

MB

  • Getbig IV
  • ****
  • Posts: 2312
Re: Pending home sales 'fell off a cliff'
« Reply #2 on: July 02, 2010, 07:00:48 AM »
All homeowners will have to take their medicine eventually.  How long can home values be propped up by tax credits and low interest loans?  Eventually, reality sets in.