Posted on 06/29/2011 7:49:25 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — Pending home sales climbed 8.2% in May, bouncing back after a dismal April and another signal of stabilization in a difficult housing market.
The climb in pending home sales, which represent contracts signed on existing homes, comes after an 11.3% downturn in April, the National Association of Realtors said Wednesday. The NAR had initially reported that April’s pending home sales declined 11.3%.
The 13.4% gain from May 2010 levels marks the first time in 13 months that contract activity was above year-ago levels.
(Excerpt) Read more at marketwatch.com ...
Just like in the old Soviet Union, nothing but propaganda: “While people starve, tractor production is up, proving people are being well fed.”
Yeah, that's 'before' the mortgage application is approved!
“Home Mortgage Applications Fell Last Week By 2.7 Percent
NEW YORK (Leah Schnurr) - Applications for home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage …
Huffingtonpost.com · 5 minutes ago”
Good news, bad news- doesn’t matter: pay Obama.
Happy, Happy Days Are Here Again!
Complete & utter BS.
They love spreading BS on thick when the Kenyan’s numbers are in free fall.
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