Pending home sales slip 1.3% in July

Marketwatch ^ | 8.29.11 | Steve Goldstein

[Free Vulcan]

WASHINGTON (MarketWatch) -- An index of pending home sales fell 1.3% in July, the National Association of Realtors reported Monday.

[Free Vulcan]

This has been an interesting little stat the last few months as pending home sales have been increasing but not translating into final sales due to cancellations.

Now even pending sales is slipping, indicating even more weaking creeping into the housing market.

[whitedog57]

Yup.

Pending sales down, people spending more on energy like Obama said they would.

http://confoundedinterest.wordpress.com/

And wages fell in REAL terms.

The Obama Energy Recovery?

[willk]

It doesn’t help when they keep talking about eliminating the mortgage interest deduction.

[dragnet2]

New Toyota pickup trucks cost more than many homes in the Midwest now..

What lunacy...