Buckle up, the next leg is coming! Pending home sales dropped 16% from Oct to Nov. Why, if the 1st time buyer credit was not only extended but expanded, did we see pending sales drop sooo much (economists were expecting a 2% drop?)
Is it possible that buyers are worried about their jobs?
Is it possible that buyers know prices will keep falling?
Is it possible that buyers know there exists a huge shadow inventory?
Is it possible that buyers can't get loans?
Is it possible that people in general are all (99%+) hurting more today than they were last week, last month, last year or at any time in the last decade?
Hmmm
If you want to help them, send them to www.trghelp.com
http://finance.yahoo.com/news/Pending-home-sales-fall-16-apf-4260670970.html?x=0&sec=topStories&pos=main&asset=&ccode=
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