Pending Home Sales rise 3.4%,

Mar. Pending Home Sales: +3.4% to 97.4 vs. +0.6% expected, -0.5% prior. (revised)

Comments (5)
  • GaltMachine
    , contributor
    Comments (2085) | Send Message
    Interesting. I had no idea the y/y trend was so weak.
    28 Apr 2014, 10:26 AM Reply Like
  • metalhead
    , contributor
    Comments (118) | Send Message
    Yep keep your eye on the birdie, it's the yoy trend that matters. Week to week changes are likely just noise.
    28 Apr 2014, 10:37 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13546) | Send Message
    The good news is there is less dumb money buying at the peak. Hopefully, this will limit the downswing this business cycle. Buying houses as interest rates rise is historically a stupid move.


    It is painfully obvious to all that the economy is slowing and at current rates will be in cyclical decline by the end of the year.
    28 Apr 2014, 12:27 PM Reply Like
  • bbro
    , contributor
    Comments (11234) | Send Message
    A recession will not start this year...
    28 Apr 2014, 01:29 PM Reply Like
  • Intuitive Research Dynamics
    , contributor
    Comments (4) | Send Message
    Home prices are likely to continue this cooling off period with a large increase in existing homes for sale and new building coupled with a stagnant amount of buyers. There are exceptions in markets throughout the nation, however.
    28 Apr 2014, 02:30 PM Reply Like
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