Pending home sales numbers weren’t good after all
August 8th, 2008
I like this blog by Barry Ritholtz. Lots of news media reports were encouraged by the Realtors' report on pending home sales, which showed a monthly gain. Some even said it looked like a sign of a market bottom. Ritholtz begs to differ. And he takes a shot at Lawrence Yun, the ever-optimistic chief economist of the National Assn. of Realtors.
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